Will monarch still be getting the 737max order and starting long haul if licence just been suspended

Greybull paying for the start up costs

I think your find the answer to your question is a NO.

https://www.ttgmedia.com/news/news/m...-looming-12184


Extending to second (unexpected) day > COURT 1
Before LORD JUSTICE GROSS and MR JUSTICE LEWIS
Tuesday 7 November, 2017
At half past 10
Applications for Permission
PART HEARD
CO/4934/2017 The Queen on the application of Monarch Airlines Ltd (in Administration) v Airport Coordination Ltd

I hesitate to say I told you so..................but they were wasting time and money.

http://www.bbc.co.uk/news/business-41913636


https://www.ft.com/content/1409b49b-...d-c6b57b3eb9da

Subscription only but as runway suggests Greybull/KPMG/Monarch blocked from selling slots.

https://www.ttgmedia.com/news/news/m...t-slots--12253

KPMG are unable to sell the slots, reverted back to slot pool.

re slots

Monarch loses slots battle in High Court - BBC News

Not exactly correct, an appeal has been made Monarch loses slots battle in High Court - BBC News

An appeal now would be useless, given how long these appeals take. These slots would need to be used ASAP, to allow time to plan and sell routes

Useless for whom, not the Monarch creditors?

The article says the Administrators want to appeal, but it doesnt say if the High Court have given leave. Its not automatic, but given only if the lower court thinks such an appeal has merit or a point of law needs to be further debated and decided on.We shall see, but I think the Judges in this hearing were clear as to why the application failed

No more Company, no more slots!
 

I do not know UK law , but Norwegian I do.
Was representing the workers in company that went into and successfully out of Gjelsforhandlinger ( Chapter 11).
One of the assets was the landing slots at Fornebu FBU. But only as long as we existed and if we exited successfully.
A year and a half later when we went bankrupt, the slots went back to the pool!
Anything else is nonsense.

PS Hope all Pilots are getting new job, good luck!

Summary of decision here:

https://www.judiciary.gov.uk/wp-cont...7-20171108.pdf

Full reasons to follow.

What tubby describes is more or less correct.

All the LCCs do this. Buying new aeroplanes at a huge discount and then immediately refinancing (sale and leaseback or mortgage) is how the large LCCs make money.

You think that they made all that cash charging £19.99 a ticket? Nope it is from buying aeroplanes. The flaw with this model is the constant requirement for expansion. Eventually the bubble will burst (but people have been saying that for 15 years and it hasn't yet).

This is exactly the model that Monarch were going to pursue once the old jets had left the fleet and is the concept that the owners bought into in 2014. Unfortunately the transition could not be made due to severe competition...blah blah blah.

fmgc - perhaps with the exception of jet2 which had 10 years of success with old frames, noting now that they have had a major purchase of shin new metal from Seattle in the last year.

2Planks, yes Jet2 are an exception, deciding to go for the low cost of ownership. The main difference being that they started with huge amounts of cash already via the Dart Group.

It also helps that instead of going for the MAX option, like everyone else is/was doing, Jet2 opted to go for the existing 738NG's, which worked well for Boeing, as they could easily factor these into the production log.

It's almost like buying a car in February or August, the new model is nearly here, but sales still need to be made. That would have helped negotiate a better discount methinks

http://www.bailii.org/ew/cases/EWHC/Admin/2017/2896.pdf Judgement on the slots. Why will I not be surprosed that these end up with a carrier or a part of its group who were very keen to see Monarch out of business.

If you are talking about IAG then they will now only get a few of the slots (if any) when they really wanted all of them.

No one own slots. Airlines are allocated slots on the basis of having them in the previous equivalent slot period (ie summer-summer, winter-winter), and having used them at least 80% of the time.

Monarch ceased to be an airline, therefore ceased to have a right to the slots.

Their slots will be returned to the pool and allocated under the EU regulation / IATA scheduling rules. First dibs go to 'new entrants'. Established airlines with large slot allocations would be a the end of the queue.

Word to the wise airline executive. If your airline is about to go tits-up, sell your slots first.