MonarchPhoto: James Field

Monarch Saved by £165 Million Investment

UK carrier Monarch has announced their intentions for a continuation in operations after receiving a £165m investment from Greybull Capital. The airline originally had an extension on their ATOL license to give more time in providing assurances about the airline's finances. This now enables the airline to receive their full ATOL license. In October 2014, Monarch announced an order for 30 Boeing 737 MAX-8 aircraft, with options for 15 more. The first of these aircraft is due to be delivered…

Monarch Given Air Traffic Organizer’s License Extension

Hours before the deadline on Friday, September 30th, UK carrier Monarch Airlines has been given an extension on their Air Travel Organizer's License (ATOL) Award. The Civil Aviation Authority (CAA) agreed to temporarily extend the airline's license to fly. It was due to run until October 1st at 00:00BST and…