Monarch Airlines

[Jon Dempsey]

There was a poster on Airliners.net saying he had been reliably informed that the ATOL licence had already been paid for, however, Monarch don't seem to have issued any statement.

Report on the dried plum that both United 747s are due to position out to Frankfurt/Hahn tomorrow with the flight plans loaded

Spoke with a Monarch employee about 5 minutes ago, she has been told they are still in discussions with the CAA and that further announcements are to be expected. She was, thankfully, very upbeat about it.

Just to add to this, if anyone is thinking of booking a flight using PayPal, check the airline's / tour op's T&C's. Monarch specifically exclude bookings via PayPal from their ATOL. They say that this because of PayPal's own consumer protection, but PayPal's protection excludes non-tangible items such as flight tickets and holidays.

 

[jfy1999]

Report on the dried plum that both United 747s are due to position out to Frankfurt/Hahn tomorrow with the flight plans loaded

N116UA (the PMI 747) departed to Hahn a while ago. Not sure about any of the other aircraft.

 

[Ray Finkle]

Media 'sources' report that talks with the CAA are ongoing with Monarch officials and the Greybull top brass in attendance. The reports also suggest that if a financial package cannot be agreed and extension will be sought.

Obviously without any direct quotes it is all speculation but it appears as if this is going down to the wire.

Fingers crossed for them.

 

[bayer328]

United flight due into Manchester, tonight at 22.45 operating flight number UA2287 from Malaga.
This is a B747.

 

[Ray Finkle]

John Moylan ‏@JohnMoylanBBC 5m
.@Monarch says has received significant further investment from shareholders..close to announcing largest investment in its 48-year history.

 

[Ray Finkle]

John Moylan ‏@JohnMoylanBBC 7m
.@Monarch says has successfully concluded discussions with the Civil Aviation Authority to extend its ATOL licence

 

[nwoody2001]

All over twitter ...Monarch lives to fight/fly another day!!!

They seem to have something pretty significant planned it seems!!!

Joe Lynam BBC Biz Verified account
‏@BBC_Joe_Lynam

@Monarch has received significant further investment from s/holders. Close to announcing the largest investment in its 48-year history

CAA grants @Monarch a temporary Atol licence extension for two weeks to allow backers to raise "largest investment in its 48-year history."

John Moylan
‏@JohnMoylanBBC
@Monarch says has successfully concluded discussions with the Civil Aviation Authority to extend its ATOL licence

 

[Ray Finkle]

Talk about down to the bloody wire

So pleased it's done, I bet the employees have been through hell this evening.

I'll pour another glass to celebrate

 

[lbaspotter]

Breaking News & Its good news thank god.

Source: http://blog.monarch.co.uk/monarch-reaches-atol-licence-agreement-and-secures-funding/

Monarch reaches ATOL licence agreement and secures funding

(Luton, UK – 30 September 2016) Monarch has successfully concluded discussions with the Civil Aviation Authority (“CAA”) to extend its ATOL licence, for which it thanks the CAA. The company has also received significant further investment from shareholders and is close to announcing the largest investment in its 48-year history.

Monarch continues to fly and looks forward to welcoming customers on board.

Andrew Swaffield, Chief Executive Officer of The Monarch Group, commented:

“I am delighted that we have been able to come to an agreement with the CAA on the extension of Monarch’s ATOL licence and am excited about the additional capital coming into the group which will help us fund our future growth. I am immensely proud of the professionalism of the Monarch team.”

 

[Jerry]

Great news! Hope Monarch can get stronger from this!

 

[nwoody2001]

Great news ...

 

[jfy1999]

Congratulations to all involved...we can now put the razor blades away and instead look forward to a bright future for a great British institution

Last time Monarch were in this situation the announcement didn't come out until the next day so I'm glad I won't have a sleepless night to endure...

 

[David_itl]

CAA says 12 day extension. I reckon that's more than enough time for them to conclude whatever talks with prospective investors and get the money pumped in.

 

[flymetothemoon]

So pleased to hear this After Spantax the first airline i ever flew wit B720 to Las Palmas
Long live Monarch!!!

 

[Jon Dempsey]

Chuffed, looking forward to news of the buyer.

 

[58terminus]

Congratulations to all involved...we can now put the razor blades away and instead look forward to a bright future for a great British institution

Last time Monarch were in this situation the announcement didn't come out until the next day so I'm glad I won't have a sleepless night to endure...

 

[58terminus]

razor blades and sleepless nights?

 

[Kevin Farnell]

Great news! A wonderful (and wonderfully) British airline. I hope that they can go from strength to strength and have a long and successful future.
Regarding the UAL 744 into MAN. I wonder if this is to ferry the crew back to the US? As the aircraft will have to be positioned back anyway, why not stop in at MAN to collect the crew who arrived in the last day or two? Better for UAL to utilise this flight than send a 744 across the pond empty and then have to upgrade the aircraft on the MAN schedule.

Having read many posts on the subject, it seems that along with concern for the employees of Monarch, there is also quite an affection for this airline.

[Edit] looking at FR24, I can't find any sign of UAL2287 (as of 22.25). FR24 MAN arrivals just states 'scheduled' (22.45 arrival).

Kevin

 

[Ray Finkle]

So now a major PR offensive aimed at restoring some consumer confidence in the Monarch brand.

An article with a picture of a few smiling 'suits' shaking hands on the deal complete with numbers containing many noughts would be a good start.

 

[Kevin Farnell]

From the BBC -

http://www.bbc.co.uk/news/business-37524259

It seems that Greybull have negotiated a temporary extension until 12 Oct for the ATOL.
Greybull seem to have put more funds into Monarch and also seem extremely confident that major new investment will be forthcoming during that time.
The CAA must also have confidence in this, to authorise the extension.

Kevin