Breaking: Monarch Airlines ceasing ops

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Israel is inviting flight operators to tender in operating direct flights from the UK to Eilat, following Monarch Airlines entry into administration.

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Monarch ex-pilots are calling on the government to investigate the circumstances surrounding the demise of the carrier and the role of the company’s former financial backers, the Mantegazza family and Greybull Capital (UK).

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UK to allow reforms to let financially stricken airlines keep flying, and protect passengers from being stranded by a sudden collapse, following the demise of Monarch.

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Monarch Aircraft Engineering (UK), which has not been declared bankrupt, signed a new base maintenance agreement with Icelandair to carry out C checks for the carrier’s B757Fs at London Luton from the end of October 2017.

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IAG CEO Willie Walsh is interested in the London Gatwick slots of Monarch after it collapsed last week.

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Monarch administrators are seeking a judicial review to allow them to sell the carrier’s take-off and landing slots. The move comes after it emerged the failed airline could be stripped of the slots, worth €70 million.

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Monarch administrators are seeking a judicial review to allow them to sell the carrier’s take-off and landing slots. The move comes after it emerged the failed airline could be stripped of the slots, worth €70 million.

Monarch administrators are scheduled in court soon to determine whether the carrier still has allocation powers over its airport slots.

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Monarch administrators are seeking a judicial review to allow them to sell the carrier’s take-off and landing slots. The move comes after it emerged the failed airline could be stripped of the slots, worth €70 million.

Monarch administrators are scheduled in court soon to determine whether the carrier still has allocation powers over its airport slots.

The London Court has decided that Monarch cannot sell its airport take-off and landing slots, potentially its most valuable asset.

https://t.co/sAdOXk0Fxy

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Monarch administrator KPMG has won its appeal against a High Court decision to deny it the right to sell the airline’s runway slots. The decision to overturn the ruling gives KPMG the ability to sell the slots to other airlines. The firm said it values the assets at £60 million.

[luchtzak]

Monarch administrator KPMG has won its appeal against a High Court decision to deny it the right to sell the airline’s runway slots. The decision to overturn the ruling gives KPMG the ability to sell the slots to other airlines. The firm said it values the assets at £60 million.

Which IATA strongly contests!

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Monarch administrator KPMG has won its appeal against a High Court decision to deny it the right to sell the airline’s runway slots. The decision to overturn the ruling gives KPMG the ability to sell the slots to other airlines. The firm said it values the assets at £60 million.

Which IATA strongly contests!

When Sabena went bankrupt, its Heathrow slots were sold at a very high price by the curators.

[RoMax]

When Sabena went bankrupt, its Heathrow slots were sold at a very high price by the curators.

It was SN Brussels Airlines that sold 7 ex-Sabena slot pairs at LHR to British Airways in 2002 for almost 60mio€ (which was part of a big commercial and codeshare deal with BA, the first for SN at that point) and there was some sort of slot exchange with Virgin Atlantic (don't know much about that anymore). Sabena transfered all its slots to DAT right before it was declared bankrupt.
There used to be a lot of fuzz about that fact that Sabena turned down an offer from BA to buy those slots in the weeks or months before it went bankrupt and then transfered them to DAT for free.

[Poiu]

When Sabena went bankrupt, its Heathrow slots were sold at a very high price by the curators.

It was SN Brussels Airlines that sold 7 ex-Sabena slot pairs at LHR to British Airways in 2002 for almost 60mio€ (which was part of a big commercial and codeshare deal with BA, the first for SN at that point) and there was some sort of slot exchange with Virgin Atlantic (don't know much about that anymore). Sabena transfered all its slots to DAT right before it was declared bankrupt.
There used to be a lot of fuzz about that fact that Sabena turned down an offer from BA to buy those slots in the weeks or months before it went bankrupt and then transfered them to DAT for free.

Not for free, Sabena sold all her slots to DAT for 1 Belgian franc!! The 60mio€ saved SN Brussels Airlines a first time from bankruptcy.

[Poiu]

IAG bought the LGW Monarch slots and will probably use them to operate LEVEL, low cost long haul, flights out of LGW. Rough air ahead for Norwegian.

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Monarch administrators revealed that advanced sale talks were held in the run-up to the carrier’s collapse, while its management team were also mulling a change in business strategy to focus on profitable long-haul routes.

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The engineering arm of Monarch Airlines (which survived despite Monarch’s collapse) has now gone into administration — resulting in the loss of almost 500 jobs.

[Konus]

If you loose your major customer … Sad news for those concerned