Monarch Airlines

[Jon Dempsey]

This makes the Bombadier saga sniff even worse.
http://www.telegraph.co.uk/business...losses-could-less-severe-thought-back-boeing/

 

[Jon Dempsey]

This makes the Bombadier saga sniff even worse.
http://www.telegraph.co.uk/business...losses-could-less-severe-thought-back-boeing/

 

[Jon Dempsey]

More Monarch skulduggery. The FT reports that GreyBull could walk away with a profit of £15M.

 

[Ianbutty]

More Monarch skulduggery. The FT reports that GreyBull could walk away with a profit of £15M.

I was not expecting anything else. Hopefully they will stay away from us in future. 15 million divided by 1900 who lost jobs equals 7894.74 each.....

Or the few at Greybull pocket 15 million.

I wonder what It will be?

 

[Ray Finkle]

G-ZBAH departed this afternoon which I think was the last Monarch aircraft to leave Birmingham

 

[Brum X]

G-ZBAH departed this afternoon which I think was the last Monarch aircraft to leave Birmingham

+1

 

[Ray Finkle]

Interesting article from Simon Calder about some of the repatriation flights into Birmingham.

One sentence really stood out to me

The pop-up airline (CAA) itself will close down on Sunday, and on that day 60 ground staff at Birmingham airport who were assigned to Monarch will lose their jobs.

http://www.independent.co.uk/travel...ority-caa-airlift-qatar-airways-a7997106.html

 

[JF57]

Interesting article from Simon Calder about some of the repatriation flights into Birmingham.

One sentence really stood out to me

The pop-up airline (CAA) itself will close down on Sunday, and on that day 60 ground staff at Birmingham airport who were assigned to Monarch will lose their jobs.

http://www.independent.co.uk/travel...ority-caa-airlift-qatar-airways-a7997106.html

Could do with keeping some on to cure the baggage delays and to cope with the ramp up from other airlines.

 

[Ray Finkle]

With their rate of expansion I'm sure that Jet2 would be in the hunt for experienced ground staff.

 

[Ianbutty]

An interesting article from Routesonline:

http://www.routesonline.com/news/29...trators-seek-judicial-review-over-slots-sale/

If the administrators of Monarch do not have access to the slots, who does?

 

[Dobbo]

More Monarch skulduggery. The FT reports that GreyBull could walk away with a profit of £15M.

In fairness, GreyBull stumped up a huge chunk of change last year to keep the airline going another year and lost money on that. It sucks they couldn't keep the wheels turning after September 2017, but they kept it going for the 12 months before that...

 

[flymetothemoon]

In fairness, GreyBull stumped up a huge chunk of change last year to keep the airline going another year and lost money on that. It sucks they couldn't keep the wheels turning after September 2017, but they kept it going for the 12 months before that...

If you read reports on the collapse it appears Greybull did not inject any funds in 2016. Instead a deal was done with Boeing who paid in effect a cashback which related to the market value of the 737 MAX order and the actual
heavily discounted cost.

 

[Dobbo]

Hadn't realised that was a one way transaction - happy to stand corrected.

 

[lbaspotter]

Monarch Airlines administrator KPMG has just lost its High Court battle for the rights to sell the landing and take-off slots the airline held at its 5+ UK bases at London Gatwick, London Luton, Manchester, Birmingham & Leeds/Bradford.

They were expected to sell in the region of £60 million, with the likes of British Airways, Norwegian, Easyjet & Wizz Air all reportedly interested, but the slots will now be put back into the slot pool and reallocated by ACL (Airport Co-ordination Limited)

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

 

[nwoody2001]

I must admit that I don't know enough about how it all works but from what I can gauge....

- BHX became of ACL 3 airport last year do to Terminal Capacity
- I believe that ACL put preference to new airlines instead of airlines already established at the airport
- Slots are allocated in discussion between the Airline, Airport and ACL.

So I wonder what this al means for BHX. I know in an interview last year, Ryanair said they would look to grow their BHX base if room was made for them. Now the MON Slots have been released back into the pool, is this the room that was needed? ...and who else would be interested.

All I know is that that for S2018, and awful lot of Peak-hour slots have just become available!!!

 

[Jon Dempsey]

Monarch Airlines administrator KPMG has just lost its High Court battle for the rights to sell the landing and take-off slots the airline held at its 5+ UK bases at London Gatwick, London Luton, Manchester, Birmingham & Leeds/Bradford.

They were expected to sell in the region of £60 million, with the likes of British Airways, Norwegian, Easyjet & Wizz Air all reportedly interested, but the slots will now be put back into the slot pool and reallocated by ACL (Airport Co-ordination Limited)

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

Excellent news IMO, Greybull will now take a hit. I would just like them to be forced to pay a contribution to the CAA for two years of repatriation flights.

 

[JF57]

I must admit that I don't know enough about how it all works but from what I can gauge....

- BHX became of ACL 3 airport last year do to Terminal Capacity
- I believe that ACL put preference to new airlines instead of airlines already established at the airport
- Slots are allocated in discussion between the Airline, Airport and ACL.

So I wonder what this al means for BHX. I know in an interview last year, Ryanair said they would look to grow their BHX base if room was made for them. Now the MON Slots have been released back into the pool, is this the room that was needed? ...and who else would be interested.

All I know is that that for S2018, and awful lot of Peak-hour slots have just become available!!!

Never really thought about slots being an issue at BHX. Even with Monarch slots "in limbo" others like Jet2 were able to add quite a number of flights.

 

[Ianbutty]

Excellent news IMO, Greybull will now take a hit. I would just like them to be forced to pay a contribution to the CAA for two years of repatriation flights.

I think Greybull may not take a hit. My understanding and correct me if I am wrong, but KPMG were trying to secure the routes to sell them so they can pay creditors and aort out the pension. If Greybull now have them to sell....

With regards to Greybull compensating the government they have offered that already following a lot of criticism in light of the FT analysis which conclided that they would walk away from the monarch collapse 15 million up. Credit to them for that.

 

[Brum X]

Flybe want to look at opportunities that have become available Re: Monarch slots at BHX and MAN.

http://www.telegraph.co.uk/business/2017/11/09/flybe-slims-fleet-effort-address-overcapacity/

But hold on a minuite they are looking to reduce the fleet and already BHX is 2 aircraft down in 2018, are they taking the p-ss as somebody has already said on the "other forum"

 

[Jerry]

Flybe want to look at opportunities that have become available Re: Monarch slots at BHX and MAN.

http://www.telegraph.co.uk/business/2017/11/09/flybe-slims-fleet-effort-address-overcapacity/

But hold on a minuite they are looking to reduce the fleet and already BHX is 2 aircraft down in 2018, are they taking the p-ss as somebody has already said on the "other forum"

But considering most of Monarchs routes were sun routes how are they going to take advantage of that? Especially with the E195s going and the E175s being deployed to the more regional airports what would they use? I can't see them using Q400s to say Spain from BHX.