I'm hearing a decision has been made but because I'm not hear to score points about posting first I would really not like to comment any further just incase my info is wrong and we all need to understand we are not just talking about an airline but real people.

:mad:

Should I rebook my Wednesday Monarch flight before the one and only alternative gets booked up?

Sounds pretty conclusive to me... esp if the QR flights and bases at LGW and BHX have been filed.

LAB heading to LGW looks like it will soon all be over for MON what a damn crying shame. The UKs oldest non rebranded airline. Good luck to all crew and staff

First Qatar A320 airborne and headed for LGW. 2nd has just pushed off stand and is taxiing. As in my previous post, I am not trolling just stating facts.

Is it stupid of me to ask, it even feels stupid typing it, but would the Qatar aircraft coming over possibly suggest a takeover by IAG(seeing as Qatar and BA have been close recently)?

Is that a second one en-route too? :-( (Edit; just seen CC's post :-( )

Ah, the obligatory 'blame the Accountant' post! Jesting aside, I will give you my view. I suspect Monarch's liabilities exceed their assets by a considerable margin and the firm's liquidity (read cashflow), is dying up, so someone, somewhere has decided to pull the plug. The appointed Insolvency Practitioner (yes, usually a qualified Accountant), will make an assessment whether the business can be salvaged or sold on. More often than not, because the debts have mounted up and the assets are mortgaged up to the hilt, there isn't alot to sell on! Alternatively the order-book is poor, so there isn't alot of point in continuing. (However, in this case of Monarch, the slots at Gatwick may be worth a few quid, assuming Monarch have the rights to them.)

As the Accountants (read Insolvency Practitioner), being paid for their services, that's par for the course. Of course, there is a pecking list of creditors and the great British Government in the form of HMRC is at the top of the list, followed by Lenders with secured assets. Failed businesses can be salvaged by the Accountants and one good example is Jessops. Sure, it hasn't survived in its previous shape and form but it is still going.

Don't get me wrong, the failure of Monarch is not good. From a personal perspective, I've experienced unemployment as it isn't particularly pleasant. If one has onerous financial and family commitments, it can be disconcerting. Fingers crossed, Monarch survives.

Thinking aloud here... if the problem rests solely with the ATOL bond, which is held by Monarch Holidays, then could we see a situation where Monarch Holidays is wound up/liquidated, but Monarch Airlines continues?

Or has the ATOL situation prompted the CAA to take a closer look at the group as a whole?

Either way, hoping for a resolution, the staff at Monarch deserve so much better.

Really feel sad for the Monarch staff and crews ,a great airline completely ruined as a previous poster said by idiots in the boardroom.
Hoping this is not bad news for all of you ...but am now beginning to fear the worst ,as these standby aircraft are leaving Doha 😥

The airline could survive, but not realistically under the same ownership (nobody in their right mind would provide payment processing services). I might be in denial, but it seems to me to have so many valuable assets that I can't see it not being taken over. I kind of still expect it to be there tomorrow*.

*unless it has already been asset-stripped.

Meanwhile... it looks like No3 is on the way too :-(

Last year aircraft were being parked remotely despite Monarch operating normally the following day.

This action is taken by the handlers in retaliation of what they have been hearing in the media. Until an announcement is made if there is one due Monarch will operate normally up until the last minute.

It appears the third aircraft is pushing back

FR24 shows A7 - LAD now on taxi at Doha. No destination showing yet, but appears to be from a remote stand, rather than the terminal :(

A7-LAA now in the air, A7-LAD now showing on

^^ HMRC haven't been top of the list for 15 years now

A7-LAG now pushing back

Sorry I'm I reading this wrong ?
Are you saying the handlers watch the news and decide to fly aircraft halfway round the world?

What's different this time is aircraft are leaving hours before the ATOL runs out yes a few were sent ahead but a decision was made to hold some back and now they decide to send them.

A7-LAE, F and G all headed for BHX.

Hoping they are all wasting their time !

No handlers / airport authorities make decision on where to park the aircraft.

CAA has made the decision on positioning aircraft. Last year they did the same with United B747's and other aircraft being sent down-route.

A7-LAF now also starting-up

Last year there were 1 or 2 flights which were due to depart later in the evening but had longish delays. When they started parking aircraft on stand didnt a couple of ZB pilots refuse to go initially.

Wonder if ZB298 and ZB418 go on time / if at all - are these the only to due to go before midnight?