Monarch - 3

[David Sharpe]

Looking at the cuts in a little bit more detail, including the IT flights, it pans out as follows for early August.


Gatwick - 144 x weekly (Summer 2014 was 155 Scheduled + 28 IT)
Birmingham - 116 x weekly (Summer 2014 was 133 scheduled + 5 IT)
Manchester - 113 x weekly (Summer 2014 was 138 scheduled + 17 IT)
Luton - 59 x weekly (Summer 2014 was 70 scheduled + 1 IT)
Leeds Bradford - Maintains 28 x weekly


This means that overall scheduled services are down from 558 to 460 x weekly, with a further loss of 51 x weekly IT services. (including the closure of the East Midlands base there are 26 dropped scheduled routes, with a further 33 dropped airport pairs on IT services)


Looking at the Regions in more detail .....


Spain.

Down from 314 to 253 x weekly services, cuts on nearly all routes, although Mahon bucks the trend and actually increases from 17 to 20 x weekly services.


Portugal.

Maintains it's 53 x weekly services. Faro maintains it's 48 x weekly services, despite the loss of 6 x weekly services from East Midlands, and now overtakes the previous destinations of Palma, Malaga, Alicante, etc, to become the most popular route in terms of weekly departures on the network.


Turkey.

Down from 67 to 44 x weekly services, again cuts on all three Turkish routes (a further 4 IT flights from Gatwick to Dalaman are also lost, so the net loss is -27 flights)


Italy.

One of the markets that gains from the changes, number of services are up from 34 to 40 x weekly with gains on Naples, Rome and Venice offsetting a loss of 1 x weekly service to Verona.


Africa.

Increases from 26 to 29 x weekly services, with gains on Agadir, Enfidha and Sharm offsetting a decline on flights to Hurghada (there were 3 x IT services to Sharmand 2 x to Hassai in Summer 2014 so overall there is a slight loss in flights)


Cyprus.

A drop from 27 to 18 x weekly services


Greece.

There is no change in the number of scheduled services to Greece (10 x weekly) with the new routes to Preveza, Rhodes and Zante compensating for a loss of flights to Corfu (3 x weekly) and Heraklion (5 x weekly) However, the overall loss of flights to Greece is considerable with 37 IT flights operating in August of 2014.


France.

A small loss of 2 x weekly flights to Nice, will operate 8 x weekly.


Croatia.

Reduces from 15 to 5 x weekly services, with Split dropped from the network and Dubrovnik reducing from 12 to 5 x weekly services.


Malta.

Dropped from the network (had operated 2 x weekly from East Midlands Airport in August 2014)




The other losses are on the IT long haul (4 x weekly to Orlando Sandford and 1 x weekly to Tobago)

[111KAB]

Cosmos reveals which airlines will fly its customers this summer (http://www.travelmole.com/news_feature.php?news_id=2015872&c=setreg&region=2)

[SCANDIC]

Anybody know who is going to be the 330's next owners

[Mr @ Spotty M]

No change in the owners.
No idea who the new operators are going to be, a/c due to return off lease at the end of May.

[OltonPete]

Winter 2015/6

One noticeable change under the new ownership is how late the full winter schedule has been released. Is this a positive sign and that cash-flow is not an issue or is it aircraft related? At BHX Ryanair has got pretty much the full winter 2015/6 on sale (minus one or two routes perhaps) before ZB and that is a first as far as I can remember

A321's

Was there a financial penalty in respect of the cancellation of the two new A321's or was the taking of one new A320 enough to satisfy Airbus?

Also in respect the other new A321 replacement, it was indicated earlier in the thread that a second-hand A320 was in the frame but I understand other options are being considered although I don't think there is a particular issue until the end of May when the majority of the summer schedule is in full flow.

[Alex321]

I would have thought Pete that the new A321's would have been leased so if the leasers are able to find new homes for the A321's there hopefully shouldn't be big penalties with them. My understanding is the A320 coming brand new was originally intended for Air Asia.

On another note it looks like a Jet Time 737-700 will be operating for Monarch May-October two flights per day out of BHX once the main peak timetable gets going.

[OltonPete]

Alex321

Cheers Alex and some of the answers are in the booking engine in fact which is recent. The 737 148 seats is load and based at BHX.

Therefore another cut at BHX with the loss of one 214 seat A321 and one 174 seat A320 down to a 148 seat 73G.

It operates some of the city routes such as Barcelona, Venice, Rome and Nice but also one Tenerife also showing and Sunday Dalaman?

[Mr @ Spotty M]

Alex321 is correct in that the new Airbuses have nothing to do with Airbus other than they built them.
Both the cancelled A321's and the new A320 are or were going to be leased. I believe maybe the same leasing company.
Due to the 3 A320's leaving the fleet it left Monarch two A320s short for the summer season.
Monarch were at one stage looking to wet/Damp lease a A320, but it was known before the Alex321 post on the second-hand A320, that the Jet Time 737-700 was going to be operated in its place. :ok:

[ATNotts]

Has anyone got any info as to what's happening with MONK seems to be in the hangar for an age.

Seams G-MONK is now destined for the knacker's yard - possibly at Teesside. Not sure exactly when though.

[SCANDIC]

Awwww no, thought she was doing a little more flying

[SCANDIC]

Anymore news on MONK

[SWBKCB]

G-MONK positioning into DTVA as MON757P.

[SCANDIC]

The end :{

[The96er]

The end

You mean the aircraft or your rolling posts on all things Monarch 757's :rolleyes:

[spacegrand]

It is the correct place for Monarch stuff.

[SCANDIC]

For MONK :{

[LGS6753]

Now two ex-MON 757s at Kemble, gradually dying.

[ZeBedie]

They aren't dying, they're being murdered.

[CabinCrewe]

... donated to medical science?

[carlrsymington]

I had seen her many times & finally flew on her to Lanzarote (and maybe back).
Beautiful, elegant.
Off to look for a Skymarks model..
I promise not to taxi it around the floor then take off on a cardboard runway

[paully]

or you could buy a tin of coke to have as a reminder on the mantelpiece ;)

[snowman 1]

I wonder if jet2 will be stocking up on spare parts from the monarch 757

[SCANDIC]

Icelandair have bought all 3 for spares

[compton3bravo]

I see that Monarch managed to operate a full programme of flights over the recent French Air Traffic dispute albeit with a number of delays and re-routes. A hearty pat on the back to all staff I think is called for.

[mockingjay]

Yeah being a small insignificant player has its benefits occasionally. A small fleet operating just a few flights is bound to be easier than AF/BA/EZ/FR.

[N707ZS]

Noticed a number of sub charters last weekend even a Spanish 757!

[PapaCharlieSierra]

G-MONK is being parted out by Sycamore Aviation at Durham Tees Valley.

Engine run up on taxiway bravo was halted while I departed for a lesson:
http://s12.postimg.org/q5m9nb3ex/G_MONK_1.jpg (http://postimg.org/image/q5m9nb3ex/)

Taxying past at end of lesson:
http://s22.postimg.org/bs03w4fxp/G_MONK_2.jpg (http://postimg.org/image/bs03w4fxp/)

Doesn't quite fit into hangar 1:
http://s14.postimg.org/p31c4zah9/G_MONK_3.jpg (http://postimg.org/image/p31c4zah9/)

(video camera attached to headset, if anyone was wondering ;))

[dc9-32]

Is there a 757 in those shots :cool:

[Hotel Tango]

er.......yes.

Incidentally, whilst I'm here, I was surprised that there was no mention by the FR24 monitoring brigade regarding the somewhat snappy diversion of ZB994 (BHX-HRG) into BDS yesterday. I suspected it was a medical diversion but the a/c seemed to have stayed longer than would be expected. So now I have joined the nosey parker brigade!

[BlueA330]

Believe it diverted due to burning smell in cockpit

[Hotel Tango]

Ah ok, thanks for satisfying my curiosity.

[Cloud1]

I understand from connections that G-ZBAJ was sent down as a rescue aircraft the following day to transfer passengers on to Hurghada and return the rest to Birmingham. G-ZBAI will position to the UK empty

[Hoggtart]

I was hoping that someone might have some information on the Monarch Assesment day. I have one coming up shorlty and would welcome any information on what I can expect.
Thanks

[spottilludrop]

Expect to be shafted...

[PAPI-74]

LOL - enough said!

[aceplanes]

Seems MON droping LTN-ACE from the start of the winter timetable, any ideas why? The route must have been operating for some time. Pity.

[MKY661]

Not all flights have been updated for the Winter season yet. Expected to be in a few weeks :)

[janeyTA]

They loaded ACE from LGW, MAN and BHX yesterday. So are you saying that LBA and LTN may yet become available?

A considerable amount of people (both Brits and expats) emailed Monarch asking them not to axe ACE for the winter, but because they couldn't tell them when the flights would be released, if at all, most have booked with other airlines. They must have lost so many customers leaving it until now.

[MKY661]

A couple of routes are still not in the booking system. BHX-GIB is one of them. Also you can't book beyond February at the moment as well.

[janeyTA]

Thank you.

[SCANDIC]

Anybody heard of Monarch buying Tommy cook engineering

[spottilludrop]

Rumour is they are buying the airline not the engineering

[chuzwuza]

Bull!
Your evidence is?

[VickersVicount]

It was proclaimed as a rumour nothing more, so by definition evidence need not be required

[spottilludrop]

Thank you VV ..and just to educate the nugget
rumour - definition of rumour in English from the Oxford dictionary (http://www.oxforddictionaries.com/definition/english/rumour)

[BlueA330]

Has A330 G-EOMA done her last flight today ?

[nigel osborne]

BlueA330.

Seems likely shes now on the remote stands at BHX before going into MAEL for end of lease checks.

The hangars full at presentr so may be a bit of a wait.

Rumours she may be at BHX till mid May at least.

[sparkie320]

Seems been called back to operate
flew BHX-LGW-TAB 21st
but also delayed till latter today
any info

[SteveHP7]

TAB doesn't appear to be delayed. It is at 40000' near TAB now.

[SCANDIC]

Has SMAN gone tech somewhere, what they going to do when their both gone, they may well regret getting rid of them

[22/04]

Doubt it. They don't fit the new business model which won't have Monarch going to TAB or anywhere like that. So they won't be missed,..

[chip butty]

G-EOMA has just departed empty ex LGW - presume heading back to BHX
almost 16 years to the day since it was delivered.

[factanonverba]

Expensive end of lease, needs a new engine 1 week before it finishes flying. Must have got special dispensation for non pax ferry to an airport that has the capability to do it.

[renort]

After the 757 end of lease engine mess, thats the last thing they need $$$$:ugh:

[compton3bravo]

I suspect the engines are leased separately from the hull, quite common these days.

[SCANDIC]

What is the latest with EOMA

[Mr @ Spotty M]

Still in service. :ok:

[nigel osborne]

SCANDIC.

G-SMAN is currently parked at BHX on the MAEL apron with engine covers on been here for a few days now. .

[SCANDIC]

:{ sad days for monarch

[nigel osborne]

G-EOMA is also due to go to MAEL at BHX tomorrow(Thurs) afternoon.

[bhx bod]

Not seen it mentioned on here but for those interested former A320 G-ZBAB departed BHX yesterday afternoon on it's delivery to Frontier Airlines.

[runway08]

Quick enquiry when do the B738 deliveries begin? Will the last planes to be replaced be A320 or A321? Is there a time frame. Last I read the orders were never even confirmed.

[Mr @ Spotty M]

First delivery is April 2018.
Some of the Airbuses will be around for 3 or 4 years after the first deliveries.
Monarch operated its last planned charter flight today, the end of over 47 years of charter operations.:{

[wallp]

I well remember the days when Monarch was just a charter airline - their noisy B720's and 1-11's operating charters out of LTN, my local airport.

I hope that their new strategy to focus on low cost, short haul is the right one and they can start to grow again.

[Airbanda]

G-EOMA is also due to go to MAEL at BHX tomorrow(Thurs) afternoon.

FR24 shows it doing precisely that.

[runway08]

Thanks spotty, My first flights were all ZB charters so.. yeah suckage its all over.

[PLAMALTN]

Flew Monarch on charters for years, usually in the middle of the night down to PMI when I was a young lad, happy days setting foot on 732, 733 and the 752.

Happy Days

[cheesebag]

I flew on an old 732 to CFU years ago... ahh Memories!

[LBIA]

Why have Monarch Airlines ended up having to lease in 5 aircraft today?

Titan Airways
A320 G-POWI = Manchester
B752, G-ZPAX = London Luton
B733, G-POWC = Leeds/Bradford
Jettime
B737, OY-JTY = Birmingham
Privilege Style
B752, EC-ISY = London Gatwick

[BlueA330]

Probably due to the fact that they haven't got very many of their own left

[Johnny F@rt Pants]

More likely that they can't crew what they have.

[ATNotts]

Why have Monarch Airlines ended up having to lease in 5 aircraft today?

Titan Airways
A320 G-POWI = Manchester
B752, G-ZPAX = London Luton
B733, G-POWC = Leeds/Bradford
Jettime
B737, OY-JTY = Birmingham
Privilege Style
B752, EC-ISY = London Gatwick

Jettime has been planned for months - to operate all season from BHX!

[compton3bravo]

I would respectfully suggest more like crewing problems, enough aircraft to operate the flight programme although I noticed one aircraft went tech at Luton yesterday.

[Ian Brooks]

1 aircraft is sat in hangars at Manchester but don`t know if it was planned

[Alex321]

Nothing to do with lack of crews!

[squeaker]

Aircraft late out of the hangar and at least one with some new curves courtesy of a catering truck...

[davidjohnson6]

I have a flight booked with one airline and an onward flight with Monarch. I'm aware that self-connecting means the risk falls on my shoulders if anything goes wrong with the connection.

In the event that things do go wrong, do Monarch have a policy whereby if you miss a flight by less than (e.g.) 2 hours, Monarch will put you onto the next flight for a nominal fee ? Alternatively, is it a case of "tough, you were late, if you want to fly then buy a new ticket" ? Or do handling agent staff use their own discretion ? I've tried phoning, but am just getting people reading a generic script.

[janeyTA]

It's completely at your own risk. Monarch aren't going to put on another flight without paying the current ticket price. It's not their fault if you miss their flight.

[davidjohnson6]

janeyTA - I know it would be my fault - am not disputing that.

Easyjet and Ryanair seem to have a policy whereby if you turn up at the check-in desk no more than an hour or so after departure, you can be transferred to the next flight on payment of a nominal fee instead of having to buy a new full-fare ticket.

The question is whether Monarch have a policy similiar to Easyet/Ryanair.

[janeyTA]

If you've booked a business plus fare with Ryanair you can change it up to an hour after the flight departed for no change fee, but any price change is payable. You can't do that if you've booked a standard fare.

With Easyjet, if you buy Missed Flight Cover and arrive up to 4 hours after the flight departs they'll put you on the next flight with seats, but not if you don't take out that option.

Monarch don't have anything similar. Their website makes that clear.

"It is passengers’ responsibility to arrive at the airport with plenty of time to allow the necessary check in and security procedures.
Failure to check in on time may result in you missing your flight, in which case Monarch cannot accept responsibility for making alternative travel arrangements. Your time will become invalid and no date/name changes will be allowed.

If you have missed the flight and are still at the airport, please visit the Monarch’s ticket desk, who will check the next flight available and its cost.

Alternatively, you can visit Monarch.co.uk and purchase a new flight.

If you booked your flight via a travel agent or tour operator, please contact them directly."

[111KAB]

Miss a Monarch flight ... these guys did > Stourbridge mates wake up in Marbella after boozy night out in town (From Stourbridge News) (http://www.stourbridgenews.co.uk/news/12920144.Stourbridge_mates_wake_up_in_Marbella_after_boozy_n ight_out_in_town/)

[airforced]

"Missed flight policy
I have a flight booked with one airline and an onward flight with Monarch. I'm aware that self-connecting means the risk falls on my shoulders if anything goes wrong with the connection.

In the event that things do go wrong, do Monarch have a policy whereby if you miss a flight by less than (e.g.) 2 hours, Monarch will put you onto the next flight for a nominal fee ? Alternatively, is it a case of "tough, you were late, if you want to fly then buy a new ticket" ? Or do handling agent staff use their own discretion ? I've tried phoning, but am just getting people reading a generic script."

I think you will find that is one of the reasons why travel insurance is a good idea. Point to Point is quite straightforward and easy to understand isn't it?

[caaardiff]

Ryanair charge a "missed departure fee" of £110 if flight change is done within 1 hour of departure. In some cases it is actually cheaper than £110 to book a new flight!
https://www.ryanair.com/en/fees

[SCANDIC]

Anybody know what flying hours the 330's have

[factanonverba]

At the end of 2014, G-INFO has both airframes at about 71,000 hrs.

[SCANDIC]

Quite a lot for their age but been very well looked after, anybody know their next owners?

[fjencl]

What types of aircraft are based at each of the monarch's bases.

[sparkie320]

A321 fleet
G-MARA LGW
G-OJEG LTN
G-OZBE LTN was at BHX
G-OZBF BHX was at LTN
G-OZBG MAN was at LGW
G-OZBH BHX Maintance at mo ??
G-OZBI In for Maintance where ???
G-OZBL BHX
G-OZBM LGW
G-OZBN BHX
G-OZBO BHX
G-OZBR MAN
G-OZBS EMA since 2/5 not flown since
G-OZBT MAN
G-OZBU Maintance
G-OZBZ MAN
G-ZBAD MAN
G-ZBAE LTN
G-ZBAF BHX
G-ZBAG LGW
G-ZBAI LGW
G-ZBAJ BHX
G-ZBAK LGW
G-ZBAL LGW
G-ZBAM LGW
G-ZBAO MAN
A320s
G-MRJK LTN
G-OZBW Maintance due out 8/5 been at St Athan since 19/4 due at MAN
G-OZBX MAN
G-OZBY LTN
G-ZBAH BHX
G-ZBAP LBA
G-ZBAR LBA
G-ZBAS LGW
Hope that is some help
LBA is mostly A320s, think due to the runway length and some restrictions

[fjencl]

Wow, thanks for that.

[MKY661]

G-OZBS EMA since 2/5 not flown since

Has been WFU and being Painted into Aegean colours :)

[Mr @ Spotty M]

A330 hours are currently for EOMA 71122 FH & 12091 FC and SMAN 71716 FH & 12463 FC.
Same owner but no idea of the next operator, the owners might not have a new operator for them at the moment. :ok:

[EK77WNCL]

Jet2 pleeeaaassseeeeee for the A330's :)

But what routes do the A321's operate from LBA if it's "mostly" A320's? I'd assume shorter routes if runway length is an issue

[Cloud1]

The LBA operation is A320. Summer has 2 based and this goes to 1 in the winter.

The Monarch aircraft move around quite a lot so there are no fixed home bases for any of the aircraft. In fact the only place I would say is more consistent for aircraft is LBA where the two A320s rarely change (in terms of registration) and a couple of the A321 sharklets always seem to be based at MAN.

For the rest they are always being swapped around

[SCANDIC]

Cheers for the reply

[32SQDN]

That's a lot of a/c based at BHX, I didn't realise they had that many there. Is that an increase on last year?

[22/04]

It's not an increase- it might be a decrease as the list above has 8 aircraft- there have been 9 in the past.

I have noticed at LTN at least that the reduction from 5 to 4 aircraft has not really amounted to a total loss of one aircraft as more productivity appears to be being achieved from the 4 that are based.

On a Saturday for example the morning ALC (last year) has been dropped from a.m. to p.m. and DLM has been dropped back from p.m. to an evening departure so the only casualty appears to be evening often summer peak only CFU.

Turnround times are also down to 45 minutes at times which was rare in the past - and yet punctuality seems better.

[nigel osborne]

Sparkie320.

As of yesterday;

GOZBI/BL are in the MAEL hangar at BHX and G-OZBF was outside the hangar.

G-SMAN A330 has just gone in the hangar as well and A332 G-EOMA remains on the remote stands at BHX .

[SCANDIC]

Any more news on the 330's future owners

[Diverskii]

Anyone know what sort of cycles we are talking with the 330s? They're some of the earliest off the production line IIRC.

[jungle jim]

See post 2844

[Mr @ Spotty M]

Jesus Christ man are you blind? :ugh:
Look at my posting 19 days ago.

[Diverskii]

@junglejim

Thanks, hadn't seen that :)

@Mr Spotty

Thanks, all that was needed was a simple post like Jim's directing me to the info. Not all of us check back through 19 days worth of posts.

Nevertheless, thanks for the cycle info.

[Mr @ Spotty M]

My post would have been the same as @junglejim if you had to go back pages, but it was on the same page. :ugh:

[cheesebag]

One of the 330's is on remote at BHX missing an engine

[chuzwuza]

I would imagine that someone knows where it is.

[111KAB]

Monarch at LBA > Lifestyle / Airline commits to Leeds Bradford Airport after coming through turbulence THEBUSINESSDESK.COM (http://www.thebusinessdesk.com/yorkshire/news/722237-airline-commits-to-leeds-bradford-airport-after-coming-through-turbulence.html)?

[22/04]

Andrew Swafield on the Today programme this morning saying they had cut the winter loss from £100 million to £60 million last winter- what can we take from this? Good news?

[adfly]

I think a 40% reduction in losses over the winter has to be seen as something positive!

[TartinTon]

Depends what the underlying sales and yield trend was. We know that they have saved a packet by being completely unhedged as part of the buyout deal.

[LNIDA]

I believe the (lack of) hedging gain was around £10m so overall good news and a step in the right direction.

I would still be cautious going forward, the summer program is much lower than previous and the fixed cost overheads of running the airline are shared amongst fewer airframes, by the end of this year most competitors will have unwound their hedge positions, so a one off and well deserved.

From what i hear from current employee's still some rather generous benefits and allowances around at ZB, the next 12 months will give an idea whether the business has a future.

[Nfield750]

for gods sake show some respect. Nk served Monarch for 27 years, far longer than the tedious 737's they have on order are likely to do. She deserved better. Iceland went back on the deal to keep her flying having made Monarch spend £££££££ on her and she is - was - in better condition than most aircraft half her age. Monarch made a BIG mistake NK and her sisters paid for it. In blood.

[gilesdavies]

Chillout, you're going to give yourself a coronary!

G-MONK may have served Monarch well, but it is only a machine, it is not alive like Johnny Five!

http://www.johnny-five.com/images/sc2/misc/j5_and_toronto.jpg

[SCANDIC]

The 75's have been amazing for Monarch, they could go anywhere when they were needed, I don't think anything else will be as good as those.

[Skipness One Echo]

The 75's have been amazing for Monarch, they could go anywhere when they were needed, I don't think anything else will be as good as those.
Well no, it had less range than the B767, the B777, the B747, the B787 etc etc
They were amazing when they were replacing Tridents in 1983, less so now.
Wow that was 32 years ago (!)

[Cuillin Hills]

The 757 has been amazing for Monarch.

They, obviously, don't have the range of the other named Boeings.

They are becoming a dinosaur, as is the case with most other operators in the world, due to fuel burn and, more than likely, increasing fuel costs in years to come.

The Monarch 757s have seen far more corners of the world than almost any other contemporary airliner.

[ATNotts]

Perhaps it's a good thing that there isn't a 757 on any dating websites - I could see her getting more than one proposal - especially if she was wearing a fetching black and gold dress!!! :D

[ZeBedie]

Yes, she's tall, slim and has a timeless elegance that means she'll never grow old.

[chuzwuza]

Then when you have had enough of her you can cut her into little pieces! Sounds like the perfect spouse to me.

[MKY661]

Been Announced that the A320 that is leased from Air Malta that was due to run out in November will be having it's lease extended. Another A320, G-MRJK will be leaving the fleet instead:
Monarch Airlines Fleet List (http://www.jethros.org.uk/fleets/fleet_listings/monarch_airlines.htm)

[111KAB]

Monarch results show ?material uncertainty? | News | Travel Trade Gazette (http://www.ttgdigital.com/news/city-and-finance/monarch-results-show-material-uncertainty/4697569.article)

[renort]

Absolutely shocking numbers, especially the pay-offs to the idiots that took them to the brink in the first place. You couldn't make it up.

[CabinCrewe]

That TTG link doesnt work

[111KAB]

TTG keep pulling the link so here is the script less pics ....




Monarch’s auditor has flagged the viability of the business, warning that there remains a “material uncertainty” about the company’s ability to continue as a going concern, TTG has learned.


Monarch Holdings Limited’s accounts for the year ending October 31, 2014 were released at Companies House last weekend, documenting the full extent of its “annus horribilis” for the first time.


They show that the company made an operating loss before exceptional items of £94 million during this period, although turnover actually increased by 3.5% to £990 million.


The auditor’s report, dated May 20, 2015, also includes an “emphasis of matter” which states that “if reasonably possible reductions in trading occur, [the group] may require additional funding from shareholders if additional external financing cannot be secured”.


It adds: “Although the directors expect that these facilities and additional funding will be provided, the nature of these arrangements indicate the existence of a material uncertainty which may cast significant doubt about the group and company’s ability to continue as a going concern.”


Monarch said it expects to make an operating profit in its current financial year but that if trading deteriorates there is the possibility of “external financing opportunities” and also the support of the ultimate shareholders. Even though the arrangements in place are not “legally binding”, Monarch has a “reasonable expectation” that they will be available for the “foreseeable future” and has therefore continued to “adopt the going concern basis of accounting”.


“Controlling parties”



According to the accounts Monarch’s “controlling party” is the Channel Island-based Petrol Jersey Limited. The controlling parties of this company are: Marc and Nathaniel Meyohas; the Serimnir Fund; and The Oden Trust.


Elsewhere, the accounts reveal that the company benefited to the tune of £160.9 million from the settlement of its pension liability and its transfer to a new company. The total pre-tax loss was £57 million.


Monarch Airlines made a £206.2 million pre-tax loss.


In the accounts, Monarch blamed this on “weak consumer demand and increased capacity in the market” as well as a number of exceptional items.


Airline load factor dropped by 6.5 percentage points to 80.6%, while revenue per seat fell 6.8% to £86.49.


The tour operating division made a profit, albeit a smaller one than in 2013, of £1.7 million.


The accounts additionally show Monarch had to pay out compensation totalling £534,000 for directors’ “loss of office”.


The highest paid director was handed a £385,000 payout and took home a £1.5 million remuneration package, although the accounts do not specify who this was.


Monarch’s financial troubles were well documented last summer with the company’s Atol renewal application going down to the wire.


It was rescued by investment firm Greybull Capital after previous owners the Mantegazza family decided they wanted to sell up.


Monarch’s former chief executive Iain Rawlinson stepped down last July and new boss Andrew Swaffield embarked on an ambitious plan to turn the company into a scheduled low-cost European airline over the summer.


He has had some success, with the company announcing it had cut its losses over the traditionally quiet winter months.


TTG approached Monarch, but the company declined to comment.

[paully]

So no mention of Greybull, but seems it is now controlled by a firm, formed on the 31st March 2014 and based in the Channel Islands....beginning to make the Mantagazzas`look transparent I fear

[ATNotts]

These figures are to all intents and purposes history - documenting the situation that lead to the former owners jumping ship, and Greybull injecting cash.

I would suggest that we will really learn whether or not Monarch is viable later this year when the fruits of the new management teams' labours should become evident, or indeed, perish the thought - do not produce the required crop of fruit.

[renort]

These figures are to all intents and purposes history

... apart from flagging that the new regime may need more cash

[tubby linton]

I do not think that the new owners went into this thinking that it would be simple and all of the intrinsic problems would disappear when a contract was signed.
The previous owners ran it into the ground so that they could escape the pension liability and are probably very cross that somebody saw that the group actually had some value.

[MKY661]

Summer 2016 on sale :ok:

[harer92]

MKY661 Summer 2016 on sale


Any increases or decreases shown from the half released S16 sched?

[MKY661]

Any increases or decreases shown from the half released S16 sched?

Enfidha appears to be dropped, but that may not be bookable at this current time for obvious reasons.

Quick scan of flights to AGP & ALC look like there are quite a few!

I also see new flight numbers for the morning MAN-BCN flight, changing from ZB516/7 to ZB512/3. The afternoon flight will now take these numbers

Flight numbers will also change for the MAN-AGP flights. Morning flights will become ZB652/3 and afternoon will be ZB654/5. ZB660/1 will be dropped by the looks of things. Those of you who look closely will be able to see where the last part of my username has come from ;)

On a side note, MAN-FDH will not operate this winter.

Edit: OK it seems a lot of flight numbers will be changing slightly next summer :)

[MKY661]

Flights to Enfidha will end this weekend:
Travel Alerts - Flights - Monarch Airlines and Cosmos Holidays Customers Travelling to Tunisia | Flights News (http://www.monarch.co.uk/news/flights/travel-alerts/monarch-airlines-and-cosmos-holiday-customers-travelling-to-tunisia)

[TheQuietLife]

Todays ZB068 LTN-GIB, departed eventually (nearly 4 hours late - nearly an hour after due to arrive), and with an equipment swap to a A321, which can't land at GIB due to weight issues (due to design of gear), so it will be operating out of Malaga.

Add two to three hours on top, thouse passengers are going to be about 7 hours late at least.

[BlueA330]

I wonder at what point they told their passengers

[compton3bravo]

I think the Gib passengers were being bussed to Malaga in anticipation of the flight being operated from there but still not good - but these things happen as we all know in aviation.

[Alloy]

The 321 can be taken into GIB, I've done it occasionally in the past, but there are restrictions.

[MKY661]

Yeah I've also seen 321 parking points on the stands. I believe only a certain number of passengers can go on it. Although since I've been flying to GIB, I've not seen the A321 come into GIB anywhere.

[SCANDIC]

What's the latest on the 330's

[cheesebag]

Both still at BHX, One inside the Monarch Hangar, one outside.

[goldeneye]

What is happening to the A330's are they going to be parted out, or are they going elsewhere.

They are a similar age to the 3 original AIH models that TCX are using.

[nigel osborne]

Goldeneye re the A330s;

Not sure what the plan was when they were withdrawn ..being returned to lessors ??

However 1 is still in the MAEL hangar at BHX the other parked up part tail fin missing.

Seems no rush to complete the work ,but assume they are not going for scrapping amount of timebeing worked on in the hangar ?

Nigel

[SCANDIC]

I think they have to be in a certain condition to scrap them, tip top condition

[DjerbaDevil]

What is happening to the A330's are they going to be parted out, or are they going elsewhere?

Not sure where the rumour came from, but understood the lessors were really owned by the Mantegazza Family and were used to siphon off profits via off-shore companies. It was surprising that the aircraft were wfu and that there was seemingly no plan in place to lease or sell them to another airline.

[Mr @ Spotty M]

Used to owned by the family but sold off a few years back.
The one in the hangar is on a 6 year check and the rumour is the lease company may have someone lined up for it.
Both due to be returned by the end of September. :ok:

[nigel osborne]

Thanks Mr Spotty.

Nigel

[SCANDIC]

Anything in the pipeline to replace MRJK when it goes

[MKY661]

Anything in the pipeline to replace MRJK when it goes

My guess it will join it's friend G-OZBK and head to VivaColombia, but as soon as I know anything I'll let you know :)

[MKY661]

New Route from Leeds to Malaga announced. Will operate on Wednesdays, Thursdays and Sundays:
http://www.leedsbradfordairport.co.uk/media/1873/monarch-summer-16-2nd-phase.pdf

About time!

[Daza]

Monarch will add new routes from MAN to LPA and LBA to AGP. They will add additional capacity on BHX-GIB, BHX-IBZ, LGW-IBZ, LGW-RHO, LGW-PFO, LGW-VRN and increase service on LBA-NAP and MAN-IBZ

Link Monarch Airlines expands schedule for summer 2016 - www.travelweekly.co.uk (http://travelweekly.co.uk/Articles/2015/07/31/56127/monarch+airlines+expands+schedule+for+summer+2016.html)

Daza

[MKY661]

Also new routes from Luton to Tel Aviv 3 times a week and to Ovda weekly:
Monarch airlines announces new flights to Israel | The Jewish Chronicle (http://www.thejc.com/news/uk-news/142022/monarch-airlines-announces-new-flights-israel)

[SCANDIC]

Any fresh news on the big buses

[on time all the time]

The A330 were sold in 2012/3 to the Guggenheim group (partners or investment...). This is the organisation which also owns the guggenheim museums.
Monarch was leasing them back for 5 years...until 2018.
Did they manage to get out of the contract? I don't know but it was not in the plan to use these planes after April 2015. Monarch announced it has gone out of long haul.

[OltonPete]

Fires 'deliberately started' on flight from Birmingham - BBC News (http://www.bbc.co.uk/news/uk-england-birmingham-34151065)

beggars belief - what was going through their mind as it does not appear to be a crafty ciggy in the loo.

Pete

[MKY661]

Looks like this is related to the seriously delayed SSH-BHX flight the other week.

[VC10man]

It has been reported that no one was arrested when the plane landed. How can this be right? The man should be in jail or an asylum and should never be allowed on a plane again.

[Mr @ Spotty M]

I am truly amazed that it has taken over a week before it was reported in the media.
I said to my colleagues last Friday it is going to be all over the TV and other media by Saturday lunch time.
With reports in the Daily Mail and the Sun of terror at 30000 feet, aircraft misses schools and orphanage due to major fire. :ugh:

[pabloc]

The Daily Mail only wants to report on the 'Demise of Monarch' or headlines of the same ilk....never on how well the crew responded or there professionalism on dealing with the incident!!!

[Cloud1]

The Daily Mail only wants to report on the 'Demise of Monarch' or headlines of the same ilk....never on how well the crew responded or there professionalism on dealing with the incident!!!

I'm pretty sure when the story first broke it was because passengers coming back to Birmingham were all moaning at not having support from Monarch. Monarch did issue a statement so why they didn't reference the seriousness of the issue instead of making out the plane was faulty and it was just another technical fault, I don't know.

However annoyed passengers must have been at getting delayed for 24 hours, some passengers have now started coming forward with the truth. I read one passenger saying it wasn't that bad really and they were put up in a posh hotel. So it seems typically just a few mouthy ones expecting the earth kicking off and making a big meal out of something that is very difficult to handle anyway from a ground staff perspective.

Well done Monarch crew for handling a difficult situation.

[Mr @ Spotty M]

The story broke one week after the passengers which were delayed in SSH by the unserviceable aircraft, had flown back into BHX. :ok:

[MKY661]

Monarch airlines flight to Malaga has to abort journey (http://www.euroweeklynews.com/3.0.15/news/on-euro-weekly-news/spain-news-in-english/134323-monarch-airlines-flight-to-malaga-has-to-abort-journey)

Good to see all went well. Well done to the crew.

[nigel osborne]

Ontimeallthetime .

The 330s are still locked away in MAEL hangars at BHX !!


Nigel

[MKY661]

Monarch on track for ?double-digit million? profit turnaround this year | Travel Daily UK (http://www.traveldailymedia.com/227944/monarch-on-track-to-make-double-digit-million-profits-this-year/)

Very Good News :)

[goldeneye]

Are the A330's going to another operator, conversion to a freighter or to be broken up ?

[MKY661]

Are the A330's going to another operator, conversion to a freighter or to be broken up ?

Heard one might be heading to Asia according to Jethro

[cheesebag]

SMAN has just completed two circuits not flying over 4000 ft at BHX

[dude1882]

Seems to have done two flights from BHX to BHX and a third from BHX to CBG

Showing as onwards to Eaglexpress Air
(https://www.planespotters.net/airline/Eaglexpress-Air)

[Mr @ Spotty M]

Gone to CBG for painting.

[LGS6753]

From Travel Mole:

Monarch eyes new routes for next year (http://www.travelmole.com/news_feature.php?c=setreg&region=2&m_id=s~T_mdT_Y!&w_id=31376&news_id=2019508)

[OPOcatering]

Probably this new Monarch routs could be into Oporto and Lisbon as they have requested slots!

Oporto 204 slots

http://slotsportugal.ana.pt/SiteCollectionDocuments/Reports/PortoReports/LIST%20OPO%20S16.pdf


Lisbon 728 slots

http://slotsportugal.ana.pt/SiteCollectionDocuments/Reports/LisboaReports/LIST%20LIS%20S16.pdf

[ATNotts]

Probably this new Monarch routs could be into Oporto and Lisbon as they have requested slots!

Oporto 204 slots

http://slotsportugal.ana.pt/SiteCollectionDocuments/Reports/PortoReports/LIST%20OPO%20S16.pdf


Lisbon 728 slots

http://slotsportugal.ana.pt/SiteCollectionDocuments/Reports/LisboaReports/LIST%20LIS%20S16.pdf

From where? My guess would be BHX and LGW for LIS (as LIS isn't served from BHX); and MAN and LGW for OPO.

Anyone got anything concrete, rather than my idle speculation?

[wallp]

Interesting.

So that equates to around 14 slots a week to Lisbon and 4 to Oporto. So probably two UK departure points at best. Given EZY are well established on both from LTN we can probably discount that. Maybe daily from both LGW and MAN to LIS and 4 weekly to OPO from LGW?

I guess we'll know soon enough

[LAX_LHR]

Oporto could be 2 weekly to 2 destinations.

I actually hope Lisbon does not feature from Manchester.

TAP are increasing to 14 weekly next summer, and Ryanair are at 5 weekly so I believe 19 weekly is sufficient for the time being.

One I would hope is expanded is Tel Aviv now that Monarch have announced LTN-TLV. It's a sector that could be shoe-horned into any vacated Sharm cuts, and Manchester could do with some extra frequency to TLV

[OPOcatering]

Today a second Slot Allocation List has been published in Portugal and the Monarch slots into OPO have fallen down!:sad:

http://slotsportugal.ana.pt/SiteCollectionDocuments/Reports/PortoReports/List%20SC%20OPO%20S16.pdf

For Lisbon, the slots are still available!

http://slotsportugal.ana.pt/SiteCollectionDocuments/Reports/LisboaReports/List%20SC%20%20LIS%20S16.pdf

[111KAB]

The Monarch Group - Trading Update for the year to 31 October 2015 (http://www.monarchholdingslimited.com/media/news-and-press-releases/2015/trading-update-for-the-year-to-31-october-2015/)

[MKY661]

Noticed Monarch are stopping inflight meals from 1st February 2016:
what can I buy onboard? | In-flight products and onboard food and drink FAQs - Monarch (http://www.monarch.co.uk/faq/flights/food-and-drink/what-can-i-buy-onboard)

Worrying thing is I'm flying in March but we booked inflight meals for then. Guess we won't get them.

[paully]

I think that only leaves Jet2, among the LoCo`s still doing inflight meals.Shame as Monarch`s meals were quite a decent product as well..Oh well back to Boots meal deals

[spottilludrop]

Monarch has levelled out from a near fatal tailspin - Telegraph (http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/12038077/Monarch-has-levelled-out-from-a-near-fatal-tailspin.html)


Buying a rival.....surely not

[MKY661]

New Routes for 2016:

Manchester:
Lisbon, Madeira, Tel Aviv

Birmingham:
Lisbon, Madrid

Gatwick:
Almeria, Gibraltar, Tel Aviv

LGW-LPA is also resuming after a few years absence.

[Daza]

Monarch are to add another aircraft at BHX with 9 frames in summer 2016 so more destinations to come and/or increased frequencies. :ok:
Daza

[LAX_LHR]

MKY661,

Just as a side note, Monarch have not started LGW-TLV.

[Daza]

Multiple route frequency increases ex BHX now showing from June 2016 to ALC AGP PMI FUE LPA ACE FCO & TFS added to already announced increases on GIB, DBV and BCN :ok:
Daza

Credit to OP

[MKY661]

On a side note LBA-AYT has been dropped and all flights to BJV have been dropped. All flights to HRG and AGA will also stop around the end of the winter season.

MKY661,

Just as a side note, Monarch have not started LGW-TLV.

Soz that should have been Lisbon. My bad.

[SCANDIC]

Is it true that Monarch are looking to buy into another airline or is it just rumours doing the rounds as usual

[canberra97]

It's just rumours nothing to it what so ever!

I take it you have been reading the Jet2 forum...

[Brigantee]

Monarch has levelled out from a near fatal tailspin - Telegraph (http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/12038077/Monarch-has-levelled-out-from-a-near-fatal-tailspin.html)


Actually it was in a article in the telegraph recently....

[IB4138]

Skyliner doth state that both A330s are going to WAMOS (Ex Pullmantur), Madrid.

[Georgeablelovehowindia]

Only G-EOMA is destined for Wamos. G-SMAN was repainted in Flynas logo last November and is currently in service as 9M-AZL.

:ok:

[MKY661]

G-SMAN was repainted in Flynas logo last November and is currently in service as 9M-AZL.

It's going to Wamos later on :)

Meanwhile Monarch's CFO had departed:
https://www.ttgmedia.com/news/news/monarch-cfo-departs-2395

[Buster the Bear]

Monarch Signs Norwegian Line Maintenance Deal | Airports International | The Airport Industry online, the latest airport industry news (http://www.airportsinternational.com/2016/01/monarch-signs-norwegian-line-maintenance-deal/17300?)

[22/04]

Well we were all quite worried about MAEL and Monarch Airlines about 18 months ago- good that both are still here and operating under the Monarch name.

Long may it continue - one can never rule out a sale either of them both together or separately with chaps like Greybull but at least they both have a chance of being going concerns now when/if that happens.

[MKY661]

Turns out in flight meals will continue after 1st February, you just don't book them in advance, it's the new From The Kitchen range:
Monarch launches new onboard ?From the Kitchen? range | Monarch Blog (http://blog.monarch.co.uk/monarch-launches-new-onboard-from-the-kitchen-range/)

[paully]

The flaw in the `head honcos` argument is that you can`t pre order them, as you would be able to on Jet2. Being a newly reformed cynic I suspect that minimum quantities will be loaded but maximum publicity will be given..Although I do hope I`m wrong....

Will put them to the test in June out of Manchester...

Shame as i thought the previously available to order meals on Monarch were not bad at all, but that was under the previous regime :E

[ZeBedie]

I think the new meals will be long life dry stores, cooked to order.

[paully]

Anyone know, has the Manchester 321`s been refitted with the new `slimline` seats yet, or will they be before this summer?..Thanks

Should say I know the fleet does move about, especially in the summer..

[HeartyMeatballs]

It's a great idea using ambiant meals. There will be a lot less wastage compared to unsold sandwiches which get binned at the end of every shift. The ambiant meals can be offloaded and reloaded as many times as needed. A very good move.

[MKY661]

I know the A320 leased from Air Malta has had it's lease extended, but does anyone know how long the lase has been extended by?

[MKY661]

Another A320 has been acquired from Vueling, so there will be 9 A320's in the fleet this summer. (Source: Jethro)

[Mr @ Spotty M]

It should be in service by mid April.

[fjencl]

How many aircraft are based at LBA
is it a mixture of a320 & a321

[toledoashley]

Looks like the aircraft was stood down last October and has been in storage in Lourdes.

[MKY661]

Monarch will be leasing an A320 from SmartLynx this summer which will be MAN based operating on most likely all routes except GIB (I would Imagine not anyway):
Monarch partners up with SmartLynx for the Summer | Monarch Blog (http://blog.monarch.co.uk/monarch-partners-up-with-smartlynx-for-the-summer/)

[Mooncrest]

fjencl. To answer your earlier question, the LBA Monarch base is currently one A320.It will be two aircraft from this weekend in time for the new season. LBA usually only sees Monarch A321s when they are substituting for absent A32Os.

[G-AZUK]

Ouch! how much money are they wasting having Smartlynx cabin crew on that? let alone the PR/Customer Service aspect

[Buster the Bear]

All cabin crew on-board will be English speaking, with two pilots in the cockpit of the 174 seat aircraft.

[G-AZUK]

I hope the pilots do speak English... point is you're talking about 3-4000 hotel nights for their crew vs using your own, with the costs already taken care of and the flexibility to swap around with sickness etc. not rocket science

[Cloud1]

Sorry what is the difference between using Smartlynx this summer and then using Jet Time last summer?

Also, TCX used Smartlynx last summer and didn't have too much of an issue.

[LTNman]

Monarch airlines owner said to be considering exit after just 17 months (http://www.telegraph.co.uk/business/2016/03/27/monarch-airlines-owner-said-to-be-considering-exit-after-just-17/)

It has already been commented on in the Luton thread that Monarch's greatest asset could be its Gatwick slots paving the way for the airline to disappear.

What could stop a takeover was the Monarch Pension fund but it seems a way to off load the liabilities and to slash the payments to staff has already been put through.

Monarch pilots? pensions slashed in move to PPF | Money | The Guardian (http://www.theguardian.com/money/2015/jan/10/monarch-pilots-pensions-slashed)

[Ametyst1]

Should the British public vote for "Brexit" in June then Ryanair may need an airline with a UK AOC. The 737MAX's Monarch have on order would fit into the Ryanair fleet. Plus Ryanair get a base at Gatwick!

[LGS6753]

Amethyst.

You've been listening to too much anti-Brexit scaremongering!

A Brexit would make no difference to the UK's membership of the open skies area, which also includes non-EU Morocco and Israel.

[ATNotts]

Amethyst.

You've been listening to too much anti-Brexit scaremongering!

A Brexit would make no difference to the UK's membership of the open skies area, which also includes non-EU Morocco and Israel.

I think you may be mistaken. though not for the first two years after a UK vote to leave the EU, during which, of course, a continuation of the deal may be made - though this may well require UK to sign up to the EEA, and the conditions that are attached to that.

Returning to the Monarch issue, I would suggest that every business is for sale, if the right offer comes along

[Ametyst1]

Not all European countries sign up. For instance Ryanair, cannot operate to Turkey except from Ireland and the Swiss are also very strict on ownership rules.

[daz211]

I thought that Ryanair had a UK AOC when they bought BUZZ I might be wrong
I'm sure Ryanair UK LTD have a UK AOC.

[HH6702]

Even if they didnt it wouldnt take long to get.
They will get it within 2 years just need to look at DY and see how many AOC they have??
Think its all scare mongering at the minute.......

[EK77WNCL]

If they are sold I really hope they are kept in operation, I'd love to see the Dart Group buy them and operate them as a southern subsidiary, they could consolidate LBA and most of MAN into Jet2 ops, expand at BHX, LGW, LTN etc. and could look at other bases with any surplus aircraft, ABZ, BRS, DSA spring to mind. Even somewhere like IOM might be able to support 1 aircraft if LS and MON were both absorbed into jet2holidays

So essentially it would be 2 airlines, owned by the same company, operating in different markets with as little overlap as possible (except maybe at MAN where they could probably continue operating side by side 70/30 LS/MON to increase capacity), both retaining their identity and flight only side of the business but Monarch flights incorporated into Jet2holidays bookings.

I reckon that would massively boost Jet2, Monarch and Dart group, and the new 737 MAX's would fit into LS's new fleet of 738's

Just an idea but it would be great to see

[DjerbaDevil]

If they are sold I really hope they are kept in operation, I'd love to see the Dart Group buy them and operate them as a southern subsidiary, they could consolidate LBA and most of MAN into Jet2 ops, expand at BHX, LGW, LTN etc. and could look at other bases with any surplus aircraft, ABZ, BRS, DSA spring to mind. Even somewhere like IOM might be able to support 1 aircraft if LS and MON were both absorbed into jet2holidays

So essentially it would be 2 airlines, owned by the same company, operating in different markets with as little overlap as possible (except maybe at MAN where they could probably continue operating side by side 70/30 LS/MON to increase capacity), both retaining their identity and flight only side of the business but Monarch flights incorporated into Jet2holidays bookings.

I reckon that would massively boost Jet2, Monarch and Dart group, and the new 737 MAX's would fit into LS's new fleet of 738's

The two operations are near enough identical. Monarch Airlines serves as a carrier for Monarch Holidays, which was Cosmos until last year when they changed name. In fact Cosmos, which was running tours as from 1961 was the forerunner of Monarch Airlines which was formed in 1968 to carry Cosmos clients/passengers. JET2 was first an airline and formed JET2 Holidays later but they are a similar operation to the Monarch Group. The purchase of the Monarch Group by the Dart Group would be a perfect hand in glove acquisition, where as you say, Monarch could continue to operate from Manchester and the South of the UK, as the corporate name is well known both as an airline and as a tour operation, giving the Dart Group an immediate opening in the South of England where the JET2 brand is relatively unknown.

On the other hand the B737MAX order sounds as if it comes with a big price tag, whereas the 30 x B738NG order was probably settled at better prices than Ryanair’s big order. The reasoning behind this is that JET2 are taking the slack of cancelled orders of the NG and as a result Boeing can keep the NG production line operationa until they switch over to producing the MAX. The chances are that more cancellations of the NG will come about and JET2 could well take on the special offers or continue buying second hand NGs, as and when required.

[LGS6753]

Reality check -

Could Dart Group afford what Greybull want to charge?

[Jetaway]

Its an investment which could really work out well for LS if they did it properly. The opportunities are endless, for the charter market. Keeping the airlines as separate entities but merging back of house operations to cut cost could work. If you were to merge it all into LS operations, then plenty of new destinations are available to them, but they loose a strong and trusted brand.
Personally I would love to see them kept as separate entities with a few crossovers. i.e. BOH operations merged etc, along with ground handling done by LS own staff.

[HH6702]

Can't see dart group wanting them even if they could afford it.
Only value part of monarch is the gatwick slots it holds.
Highest bidder please more likely be easyjet or Norweign as already stated.

However maybe IAG group may want it due to the slots and the increase in BA lately at gatwick?

[monarch767]

Monarch isnt up for sale, dont believe what you read in the paper but by all means lets carry on playing fantasy airline takeovers / mergers lol

[Ametyst1]

If IAG brought Monarch I think it would be absorbed into Fueling to further increase their market presence into the UK.

Jet2 could be the other target for Ryanair! Interesting times ahead I think.

[Brigantee]

They are being sold to Norwegian by all accounts

[fjencl]

Where is that info coming from about Norwegian buying them

[22/04]

Was surprised by the "after only 17 months" in the paper yesterday.

When I worked with vulture capitalists I always worked on the basis that they would want a return on investment within 3 years - often via a sale after restructuring etc. So starting to look at off loading now is perfectly normal.

Sale to Norwegian would work well for them- gives them good access to Gatwick- what they want to nibble away at Easy and for long haul, BA and Virgin. They could consolidate at Birmingham, establish at Manchester and doubt they would bother with Luton - where Vueling would expand or Easy consolidate or Leeds.

[Brigantee]

Monarch engineering do a fair bit of maintenance work for norwegian at present i believe

[janeyTA]

https://www.ttgmedia.com/news/news/monarch-denies-sales-rumours--4019?utm_source=twitterfeed&utm_medium=twitter

[fmgc]

Grey bull are not venture capitalists. They are a private equity company.

There is a big difference.

[Brigantee]

"Oversee expansion" .....Who are they trying to kid ?

[monarch767]

Cant Monarch expand? Norwegian buying Monarch? Lol galley fm has been busy today.

[hobnobanyone]

Agree. Let's not let facts get in the way of a good story!

[Brigantee]

Facts are Monarch are up for grabs .......

[ATNotts]

Facts are Monarch are up for grabs .......

All companies are for sale - if the offer is right. Can't help thinking that on the back of one newspaper article this is all becoming a little bit silly - and as usual, such silliness is potentially causing employees angst; and even worse, possibly putting their jobs at risk.

I wonder, how many of the posters suggesting this, that or the other company is buying Monarch actually work for them, and even better have factual information that is not in the public domain. I certainly don't and a can see a fair few others that I'm pretty sure aren't either - naming no names.

[Brigantee]

I think monarchs owners themselves have stated they are open to offers and are actively looking for a buyer .

[CSman]

Brigantee Kindly tell me where you got that information from

[Crosswind Limits]

Brigantee

Have you personally spoken to Greybull or have it in writing from them? My guess is not! So stop **** stirring unless you know for sure! :mad:

Only time will tell what actually happens and there may be some truth in it but your scaremongering /**** stirring is adding nothing to the conversation other than irritating other people with your forthright ill-informed opinions! :mad:

[ATIS]

From a milkman who is shagging a Norwegian airlines cleaner!!!

Remember in 2014 people were ADAMANT spotty M were going bust.

Well we're still here you bunch of c**t*. Wishing ill times to all the hard working peeps. You didn't have to see pilots and cabin crew crying like I did. I know this is a rumour network, but try and back up your statements.

[monarch767]

:D:D:D well said guys

[hobnobanyone]

I'm so glad somebody wrote those posts for me.

There's a lot of rumour and rumour can hurt people a lot.

Greybull have publically always stated they were interested in long term investments. That's their profile. Deutsch Bank have a role as their advisor for any opportunities to expand or indeed possibly be sold off.

With the airline having an expansion plan, it makes tremendous sense for Greybull to keep hold of the company for longer. Monarch is profitable now and it's a very different beast to the loss making one back in 2013/14.

Something may or may not happen. But for gods sake, enough of the doom mongering. A lot of us depend on the airline for our families and mortgages. Telling us we're all going to lose our jobs based purely on what you "think" and not know is incredibly immature.

What happens will happen. Until then, we'll try not to worry about it.

[22/04]

Well Monarch certainly has a lot of support here.

I really don't see why discussion on a rumour network will change the future one bit - what will be will be. It won't make their employees either less or more secure.

The UK is a vibrant economy that will be served by airlines that serve their customers and employ people.

Eaxctly who that will be remains to be seen but I would think it is pretty clear who that is most likely to be and those for whom it is less likely.

It is however good that we are discussing sale not failure or closure. Passengers can book securely and that means that employees are more secure too.

[Serenity]

I think people making stuff up on here, being unable to back it up with proof can make a big difference.

Imagine your bank,
Rumour, "a new investment at such a rate" is of interest.
Rumour " bank had bad investors and is going bust, no funds in it accounts" this would have a major detrimental effect as people are liking to avoid it, based on zero facts!!
Its employees would be very effected.

It's the same with an airline.
Back it up or shut up if it is of major standing.
A new route is of interest.
International companies being brought/sold/merged/bust need some substantiation.
It will have major effects on finance, suppliers and staff.
Least not sleepless nights
Suggest you all think hard before the next quip.
If your Gung Ho on here being anonymous, but think you have a point, then let's meet face to face !!

[Brigantee]

Could well be if monarch do merge or are taken over by a major player it could be a postive outcome for all

It cannot be a shock that greybull will sell if a suitable bider is found ,

There in the business of buying failing companies , Turning them around and selling them on at a profit , No one i know in monarch expected anything else from the outset.

I think a key issue is has monarchs amazing return to healthy profit in a very short time got more to do with having great fortune in the fact they could not hedge their fuel costs and reaped the rewards from the specactular crash in prices rather than anything else

Finaly lets not forget monarch have a very succesfull and reputable aircraft engineering division Which could be a big plus in going forward

I believe monarch are a boeing gold care maintenence provider and are already looking after norweigian at LGW and carrying out C checks on their 787 fleet at their new BHX hangar

Given their growth plans i guess looking at future maintenance requirments is a big issue

[CSman]

Bridantee You still have NOT answered my question or is it just your thoughts without any true facts ,I would really like to know
CSman [old timer, DC3 ,Viscount, BAC1-11, B737, B747 100/200/400]

[EK77WNCL]

Hi all,

How are monarch's aircraft allocated around their bases this summer? And which are their bases? LBA, MAN, BHX, LTN and LGW? I haven't missed any have I?

Cheers, any help is greatly appreciated 😊

[Sholto Douglas]

Manchester - 1 x A320 + 7 x A321 as of last night.

Hope that helps.

[EK77WNCL]

Thank you Sholto, and that'll be all summer? LBA still 2 A320's?

[OltonPete]

EK77WNCL

BHX will be 9 based from 17 June with a split of 6 x A321 and 3 x A320.

Currently there are usually around 7 active of which 5 are A321's and 2 x A320 with often a spare A321 around although not sure over the Easter period. Tuesday still sees only around 3 or 4 flights in total.

May should see 8 based with 6 x A321 and 2 x A320 but not all 8 are active all week.

The 9th aircraft was quoted as an A320 which is backed up by the seat-maps. First Friday in July shows A321's in the morning to ALC, FAO, FNC, AGP, MAH and VCE with the A320's to BCN, LIS & FCO. In the afternoon A321's to HER, LCA, AGP, NCE, PMI & TFS with the 320's to DLM, GIB and MAD. There are night flights to Palma and Malaga as well with the PMI an A320 but did not check AGP.

Pete

[BHX5DME]

BHX currently

G-OZBO, G-OZBR, G-OZBY, G-OZBZ, G-ZBAG, G-ZBAJ, G-ZBAM, G-ZBAR

[chaps1954]

I think MAN is 9 for main season

Ian

[EK77WNCL]

Thank you very much! That's great! Just London now!

Special thank you OltonPete, very in depth

[monarch767]

LGW seems like 10 a/c this summer same as last year

[Mooncrest]

LBA is currently 2 x A320 and will be until the end of October.

[Sholto Douglas]

ACL report for start of summer 2016 only shows 2 additional slots per peak week over those for last year - 228 versus 226. The full season ATM are 6,473 which us 100 up on 2015.