Monarch in turbulence
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rushed approach
FR are an ULCC
EZ are an LCC
Monarch will struggle to reduce its cost base, old habits, not thinking the unthinkable and all that, I'm told Monarch are great to work for, excellent T&C'S all manner of additional payments for doing what many in Easy/Ryan/Norge do for free, what do you mean i have work Tuesdays??
So yes great for staff, customers is another matter, dispatch performance is shocking at LGW, uncomfortable seats, next to no leg room depending on fleet and some very sour faced cabin crew, no wonder they are all being sent for customer facing retraining.
I personally doubt you'll ever see a new Boeing in Monarch colours, their biggest problems is their owners who move at about the same speed as a Swiss glacier and most of those are retreating
EZ are an LCC
Monarch will struggle to reduce its cost base, old habits, not thinking the unthinkable and all that, I'm told Monarch are great to work for, excellent T&C'S all manner of additional payments for doing what many in Easy/Ryan/Norge do for free, what do you mean i have work Tuesdays??
So yes great for staff, customers is another matter, dispatch performance is shocking at LGW, uncomfortable seats, next to no leg room depending on fleet and some very sour faced cabin crew, no wonder they are all being sent for customer facing retraining.
I personally doubt you'll ever see a new Boeing in Monarch colours, their biggest problems is their owners who move at about the same speed as a Swiss glacier and most of those are retreating
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I think debate on the DB pension scheme is far fetched at this stage.
EZY might be interested for £1 + taking on the liabilities. That said, it's a huge amount of hassle especially if T&Cs are above market.
EZY might be interested for £1 + taking on the liabilities. That said, it's a huge amount of hassle especially if T&Cs are above market.
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Monarch pilot jobs, payscales and entry requirements.
easyJet (UK Contract pilot jobs, payscales and entry requirements.)
Combining those 2 T&C's is going to be fun.
And if the stuff posted in the wannbies is correct they have 30-40 year 1-3 cadets one loan repayment deals as well.
easyJet (UK Contract pilot jobs, payscales and entry requirements.)
Combining those 2 T&C's is going to be fun.
And if the stuff posted in the wannbies is correct they have 30-40 year 1-3 cadets one loan repayment deals as well.
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Your right mad jock, monarch skippers up to year 13 are going to have a pay rise on the easy scale, that's basic without yearly loyalty bonus pay of 15% after that I think it's much of a likeness. The only t's and c's I can see which is better at MON is the pension which is double contributions. But I guess throw in the fact your not waiting over 10years for a command bumps up the overall package at easy. I think the only place to be in the UK (in terms of good employer and safe job) is easy or BA, and if you have the seniority TOM looks good.
Back to topic, I can't see easy buying MON, there just isn't the threat with a fleet of 30 aircraft to take the slots, after all easy just bought lots of LGW slots from flybe.
Sad to see what is happening to Monarch, it looked like a good employer and the fact were seeing so many airlines merging isn't great, I used to watching all the different charters etc flying in as a kid. Best of luck to the staff
Back to topic, I can't see easy buying MON, there just isn't the threat with a fleet of 30 aircraft to take the slots, after all easy just bought lots of LGW slots from flybe.
Sad to see what is happening to Monarch, it looked like a good employer and the fact were seeing so many airlines merging isn't great, I used to watching all the different charters etc flying in as a kid. Best of luck to the staff
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Some industry press news, nothing new but doesn't mention easyJet as a potential!
Monarch Airlines (ZB, London Luton) is set to cut over 1'000 jobs while parking twelve of its 42 aircraft as further details of CEO Andrew Swaffield's radical restructuring plan are revealed.
Following on from last week's announcement that the airline will abandon its East Midlandsoperations effective April next year, Monarch has now alluded to ditching long-haul charter flights to India, the United States and the Caribbean in favour of a more regionally-oriented, budget carrier-esque business model. In tandem with its transformation from a charter carrier into a scheduled operator, Monarch will also renew its fleet of Airbus Industrie (AIB, Toulouse Blagnac) aircraft with a pending order for thirty B737 MAX 8s with Boeing (BOE, Chicago O'Hare).
Management is also in talks with the airline's pension fund trustees concerning a GBP158million (USD263.79million) deficit.
Britain's Sunday Times paper reports Monarch's billionaire owner, Sergio Mantegazza, has expressed a desire to offload a controlling stake under the right conditions and for the right price. US airline turnaround specialists, Seabury, are leading the hunt for new investors with Better Capital, HIG Europe, Towerbrook and Indigo LLC currently being courted. Monarch's board has reportedly approached Mantegazza for a GBP60million (USD102.2million) cash injection linked to the carrier's latest fleet renewal plan.
Overall, Monarch hopes the restructuring programme will render the airline appealing enough to land an investor before the end of the year.
Competitor Ryanair (FR, Dublin Int'l) has meanwhile announced to fill one of the gaps left by Monarch at East Midlands by launching a new twice weekly B737-800 service from the airport to Malta from summer 2015 and by adding additional frequencies to existing routes on which it is competing with Monarch now from the airport.
Following on from last week's announcement that the airline will abandon its East Midlandsoperations effective April next year, Monarch has now alluded to ditching long-haul charter flights to India, the United States and the Caribbean in favour of a more regionally-oriented, budget carrier-esque business model. In tandem with its transformation from a charter carrier into a scheduled operator, Monarch will also renew its fleet of Airbus Industrie (AIB, Toulouse Blagnac) aircraft with a pending order for thirty B737 MAX 8s with Boeing (BOE, Chicago O'Hare).
Management is also in talks with the airline's pension fund trustees concerning a GBP158million (USD263.79million) deficit.
Britain's Sunday Times paper reports Monarch's billionaire owner, Sergio Mantegazza, has expressed a desire to offload a controlling stake under the right conditions and for the right price. US airline turnaround specialists, Seabury, are leading the hunt for new investors with Better Capital, HIG Europe, Towerbrook and Indigo LLC currently being courted. Monarch's board has reportedly approached Mantegazza for a GBP60million (USD102.2million) cash injection linked to the carrier's latest fleet renewal plan.
Overall, Monarch hopes the restructuring programme will render the airline appealing enough to land an investor before the end of the year.
Competitor Ryanair (FR, Dublin Int'l) has meanwhile announced to fill one of the gaps left by Monarch at East Midlands by launching a new twice weekly B737-800 service from the airport to Malta from summer 2015 and by adding additional frequencies to existing routes on which it is competing with Monarch now from the airport.
Overall, Monarch hopes the restructuring programme will render the airline appealing enough to land an investor before the end of the year.
I struggle to see why or how.
I want MON to succeed. Its rampant recruitment of EZY FO's a few years ago helped enormously in securing a better contract for EZY New Entrant FO's. A monoculture of Legacy and/or LCC's does no commercial pilot any long term good.
If they had gone the other way, ordered Dreamliners or 350XWB's and said they were going to be a niche player operating maverick routes and ad hoc charters then I'd buy that. Being just another white goods supplier of tickets to Alicante on $3 margins just seems dumb.
No offense intended. Just an honest opinion.
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Monarch going head to head with the loco's is delaying the inevitable.
There is no way that will succeed. Is the former Tesco CEO advising Monarch?!
Monarch should sell to trade now, whilst it still has time.
There is no way that will succeed. Is the former Tesco CEO advising Monarch?!
Monarch should sell to trade now, whilst it still has time.
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I would agree with FANS, the market for LOCO's is rather saturated.
There is a niche market available for operators like Monarch, but the LOCO route is not viable longterm.
There is a niche market available for operators like Monarch, but the LOCO route is not viable longterm.
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Anyone have any ideas what drove Monarch's decision to abandon the charter market altogether? Are they struggling to compete with the array of cheap European charter carriers now operating out of the UK?
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WWW
Spot on WWW
With a planned fleet of just 30 aircraft in 2018-2022 there is no economy of scale in terms of doing airport deals/handling or aircraft orders.
They offer no unique selling point, simply not being Ryanair isn't enough anymore.
A quick look at Skytrax airline quality feed back shows they still have a lot of work to do on the delay side of things and redundancies won't help the customer experience
With a planned fleet of just 30 aircraft in 2018-2022 there is no economy of scale in terms of doing airport deals/handling or aircraft orders.
They offer no unique selling point, simply not being Ryanair isn't enough anymore.
A quick look at Skytrax airline quality feed back shows they still have a lot of work to do on the delay side of things and redundancies won't help the customer experience
Last edited by LNIDA; 26th Aug 2014 at 18:07.
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Horses mouth.
Had a few mates on the phone discussing options this evening.
205 pilots.
400 cabin crew
and some engineers.
Gutted for lots of great friends and professionals.
Had a few mates on the phone discussing options this evening.
205 pilots.
400 cabin crew
and some engineers.
Gutted for lots of great friends and professionals.
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205 pilots/400 cabin crew doesn't equate to 12 aircraft! I hope an internal deal can be done and the management starting figure is just T&C negotiation.
Such a shame...good luck guys.
Such a shame...good luck guys.
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JB007
205 might be right, long haul will have a far higher crew ratio than short haul, will be interesting to see if the long haul pilots get retrained due seniority or will their place of work be made redundant, the latter is probably legal
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Awful news. Truly sorry to hear of the massive number of potential redundancies. I've been there myself. Unfortunately, for experienced F/Os there is very little hope of work in the UK - experience in the RHS means nothing these days.