Monarch in turbulence
Joined: Aug 2010
Posts: 238
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From: London
Joined: Sep 2000
Posts: 614
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From: UK
Joined: Mar 2013
Posts: 122
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From: HK
Monarch secures £165M cash injection...
Monarch airline wins £165m investment from Greybull - BBC News
Bit of relief for the employees...but is it just delaying the inevitable ?
Bit of relief for the employees...but is it just delaying the inevitable ?
Joined: Jan 2009
Posts: 74
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From: Somewhere over the rainbow
I dont think anyone invests £165m without a reasonable chance that it will show a return, however small. That return may of course be a sale or part sale to other interested parties - not possible if the assett is defunct due to lack of cash.
Anyway delighted for all at Monarch that the immediate future is clear.
Anyway delighted for all at Monarch that the immediate future is clear.
Joined: Jan 2005
Posts: 1,270
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From: Cloud Cookoo Land
Massive sympathy to our Monarch friends. I know that means little at this torrid time however many will have their fingers crossed that things work out for you all in a timely and suitable manner.
Champagne anyone...?
Joined: Oct 1999
Posts: 1,422
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From: EGDL
Horrible news for the crews and their families. Virgin Atlantic have an ongoing requirement for Airbus pilots.
Good luck to all those affected.
Good luck to all those affected.
Joined: Oct 2005
Posts: 420
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From: Somerset
There's never a good time to lose one's job but the run up to Christmas is especially bad, I add my best wishes to all those affected (not just the pilots). If family life can handle with it, I believe that Wizz are also taking on crews, best wishes to all.
Joined: Jun 2016
Posts: 21
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From: uk
Cathay Dragon (based Hong Kong for those Ex Monarchs who've previously not heard of it
) are about to hire direct entry captains A330/A320. Plus, they need trainers, as 50% the incumbents are sycophantic psychopaths .
With that in mind, do enjoy your conversion and the way of the Dragon.
) are about to hire direct entry captains A330/A320. Plus, they need trainers, as 50% the incumbents are sycophantic psychopaths . With that in mind, do enjoy your conversion and the way of the Dragon.
Joined: Jul 2003
Posts: 208
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From: Gatwick
Virgin have setup a dedicated page for ZB drivers, best of luck to all.
https://careers.virgin-atlantic.com/...iypgteomqdnpnq
https://careers.virgin-atlantic.com/...iypgteomqdnpnq
Joined: Jan 2008
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From: Hotel Sheets, Downtown Plunketville
The interesting bit is that the 2016 accounts were signed off on 1st September 2017 and filed on the 2nd and low and behold the company went belly up shortly thereafter, with just a little gobbledygook from its auditors about going concern.
So who are the biggest losers the taxpayer yet again. Out of whose purse the 110,000 pax will need to be repatriated and when they are back on home soil will have to use their otherwise redundant buckets and spades to dig deep and shovel the lost revenue back into the governments coffers. Not forgetting the fact that redundancy and unpaid holiday entitlement payments for 2000 employees will also require further excavation.
They should have taken it off life support at its previous coronary event in September 2016.
Joined: Oct 2000
Posts: 575
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Chronus,
You are wrong. The biggest loosers are the very many highly professional, dedicated & most of all loyal Monarch Crews & Staff, who have basically been shafted. Unfortunately all this counts for little these, not much honour or integrity about.
You are wrong. The biggest loosers are the very many highly professional, dedicated & most of all loyal Monarch Crews & Staff, who have basically been shafted. Unfortunately all this counts for little these, not much honour or integrity about.