The last operating remnants of Monarch Airlines, the British airline which collapsed in 2017, has called in administrators, resulting in the loss of 408 jobs. Luton-based Monarch Aircraft Engineering Limited (MAEL), which operates various maintenance facilities in a number of U.K. airports, was described as 'unsustainable in its current form by administrators from KPMG. When Monarch Airlines suddenly entered administration, similar to bankruptcy protection in the United States, in October 2017, it was the biggest airline collapse in British history.…
Alitalia today confirmed that it has received seven offers for part or all of the company. The airline entered formal bankruptcy proceedings in May, with the deadline for formal offers to purchase passing on Monday evening. So far, only Lufthansa and EasyJet have expressed an interest in part, but not all…
On Oct. 2, 2017, Monarch Airlines, a British charter airline, closed its doors permanently after nearly 50 years of service. The demise is one of the largest in the United Kingdom and left 110,000 people stranded. The airline has a long history and its demise left many people in shock…
With the shutdown of Monarch Airlines on Monday, many other European airlines have seen direct effects already taking place. While it is never good to see an airline shutdown, benefits can be seen for other airlines, with some helping both customers and employees directly affected by this shutdown. Virgin Atlantic,…
Monarch Airlines has confirmed that it is ceasing operations and going into administration immediately, leaving 110,000 customers overseas causing the cancellation of over 300,000 future bookings. "This is the update I hoped I would never have to write. Despite our best efforts, today Monarch Airlines Limited and Monarch Travel Group…
On Oct. 31, 2014, Monarch finalised its order for 30 Boeing 737 MAX 8s, just seven days after the new owners were welcomed into the business. The order, which was originally announced at the Farnborough International Airshow in July, when Monarch selected Boeing as its preferred bidder for their fleet…
