The airline has been in intensive care since 2014 after the Mantegazza family had done their best to kill it. The subsequent terror events in some of the principal markets worsened the situation,and the company was too weak to be able respond to these challenges. Brexit was a complete red herring.
Unanswered questions include the alleged link between Greybull and the Mantegazzas, and also how the latter managed to get away with one of the biggest pension robberies in UK history.

I would not say Brexit was a red herring, more the fall in the pound against the Euro and Dollar (fuel etc.) after the vote. Talking to restauranteurs, bar owners down here saying that June and July were very good (Irish, Scandinavians) but August although very busy business was down about five per cent. Brits not spending as much, although personally I still find living here in Spain here most of the year is still far cheaper than the UK but we are not really on holiday. I agree about Greybull, remember Comet.

How did Monarch pay for their fuel? In Dollars? If so that would be a financial nightmare as the pound has had a rough ride over the past 15 months.

yes fuel paid and bought in dollars.

Or that Greybull made a mark-up on their supplies (fuel etc) to guarantee a return?

Ryanair.
 

I thought at first that O'Leary would be rubbing his hands with glee at the thought of all those Monarch pilots looking for a job. Unfortunately for him ( and them ) Monarch's fleet seems to be all Airbus, although some of the crews will be ex Boeing.

I don't know how easy or difficult it is for someone who has only flown Airbus to convert onto a more 'conventional' aircraft ?

I hope it's a windup. An airplane is an airplane and a pilot is a pilot (hopefully).

No worries though, I would be very surprised if one single person applies to ryr

I doubt it as well.
Qatar is having a roadshow to pick up Monarch pilots.

But indeed easyJet and Virgin Atlantic have a note on their respective careersites
to stimulate Monarch people to apply.
Some of the Monarch pilots have some good long haul experience from previous
Monarch times. Ideal for Virgin to take on board.

Thanks for the link 111KAB, interesting read.

I bet they wouldn't........

the passengers bookings who are not covered by ATOL after the 16th of OCT will have to pay themselves to get home and they can claim the lost Monarch tickets from their credit card companies if they bought their ticket that way or by their travel insurance end user or airline failure cover if they had it -

the CAA do not claim from card companies
The CAA expects debit card issuers to join credit card issuers in refunding customers’ bookings, although there is no legal requirement for them to do so. which is good news now.

HM Govt nor the CAA does not pay any of this debacle up to 15th Oct - as I said the funding for repatriation and the planning of is all met from the huge air travel reserves fund surplus which stands at over £139m
if the £60m costs of this event are true then that is almost half of the Fund being used - if that is so then i can see maybe extra amounts required for Bonds from operators in the near future - should Thomas Cook go under as was seen as a possibility last year then the Fund would be decimated

the CAA have since this time last year known it was possible Monarch would go under with a 291m loss so re-pat's and planning would have been well established as has been seen

yes Wamos are flying an ex MON A330 on rescue flights along with a 747-400

2 things.

Tax Payers are covering the cost of this, most of Monarchs bookings are not covered by any fund. Even the transport secretary stated this during his conference speech. Who do we believe? Chris Greyling or random internet poster?

Also, Thomas Cook hasn’t been going under since 2011. I suggest you try and keep up with the times.

This is actually the 4th company that has become insolvent that Greybull have been involved in. My Local and Riley's Sports Bars are the other two.

Is that definitely the case? They used to have EOMA but that's been leased to another operator. The only 330 remaining on their fleet is not ex MON.

yes and the other ex monarch A330 which is also now with wamos but is on lease to Biman

lol you believe Chris grayling OMG ..... and as for random - i have been in the (mostly holiday) airline business since 1972 - i think i know a wee bit - and I worked for Monarch as well

my example of CAA re-pat plans using thomas cook as an example was just that -- an example
so wind your neck in ta ever so -

Well quite. At the very least, conference party speeches lack all the detail, and whilst the detail may appear online somewhere a day or three later it's not that common for the journos to bother to look it up, so it's quite easy for there to be a considerable gap between early reports of what was said and eventual implementation even if nobody is trying to be dishonest.

the reserve fund will take a big hit if £60m is correct -

but frankly its utter bollox that HM Govt or the CAA is picking up much or any tab for this in the end much will be resourced from the Fund - that is what the travel trust fund was set up for - that fund money is ring fenced for this purpose so an utter nonsense Grayling is saying this that taxpayers are picking up the bill - yes maybe at first then recharge the CAA and the fund for much of it....

Monarch boss set up new firm on same day doomed airline plunged into administration - Daily Record

Other parts of the Press put blame squarely on Senior Management