Monarch Airline, collapse? |
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Andrew
Top Contributors Joined: 27/December/2008 Location: UK or Algarve Status: Offline Points: 7259 |
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Posted: 30/September/2017 at 13:59 |
This doesn't bode well... second time in a year as well. Fingers crossed it gets sorted.
https://www.thetimes.co.uk/article/monarch-airline-may-be-close-to-collapse-6csjng90z# |
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Andrew
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Andrew
Top Contributors Joined: 27/December/2008 Location: UK or Algarve Status: Offline Points: 7259 |
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They've been given a 24 hour stay of execution, this is not looking good! ☹️
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Andrew
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Algarveaddick
Top Contributors Joined: 27/December/2008 Location: Portugal Status: Offline Points: 5052 |
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Pants. Might mean the demise of a certain quiz - and us losing €... Not to mention your poor nephew losing his job. |
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Go away Duchatalet
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cubsur
Moderator Group Joined: 26/January/2006 Status: Offline Points: 26909 |
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It's a harsh world out there. Too many airlines, fighting for too few passengers willing to pay more than peanuts for flights, in a highly seasonal business on many routes.
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Albufeira Resident
www.algarvebus.info public transport information for the Algarve |
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cheekygirl
Senior Member Joined: 28/April/2010 Location: Manchester Status: Offline Points: 1827 |
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Let me get home first.... there again on second thoughts good excuse for staying :)
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Loving it in the sun
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Andrew
Top Contributors Joined: 27/December/2008 Location: UK or Algarve Status: Offline Points: 7259 |
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Too true AA, plus we'll be stranded out here!
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Andrew
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Wireman
Senior Member Joined: 17/April/2007 Status: Offline Points: 1263 |
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Isn't the issue around their ATOL licence for package holidays? Therefore in theory flight only customers potentially should be OK. Well at least I'm hoping so as we are using them in 2 weeks time, or maybe not!
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Algarveaddick
Top Contributors Joined: 27/December/2008 Location: Portugal Status: Offline Points: 5052 |
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Knock on effect apparently Les. If the holiday side goes belly up, no one is going to have the confidence to book flights, commit to contracts with them etc, so the demise of the company becomes inevitable...
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Go away Duchatalet
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Andrew
Top Contributors Joined: 27/December/2008 Location: UK or Algarve Status: Offline Points: 7259 |
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Yes, it is confusing, there are two trains of reports. One is as Les queries, the BBC website actually states that flight only bookings won't be affected whatever happens, other agencies say if they don't get a renewal, or extra time to do so, the lot will cease to function and 100,000 passengers currently abroad will be stranded.
There are two deadlines reported, a CAA decision by no later then 4.00pm today, and a 24 hour extension which gives them until midnight tonight. The only thing we can do at the moment is wait and see. |
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Andrew
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Wireman
Senior Member Joined: 17/April/2007 Status: Offline Points: 1263 |
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Ok, we may or may not be over in a couple of weeks. Watch this space.
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DICEYUK
Top Contributors Joined: 05/April/2011 Location: Norfolk/Algarve Status: Offline Points: 3381 |
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Gone
Monarch Airlines has ceased trading and all of its future bookings have been cancelled, the Civil Aviation Authority has said. |
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I hate how peopleï compare Frank Zappa to God. I mean, he's cool and great and nice and everything, but he's no Zappa.
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Big Col
Top Contributors Joined: 18/August/2011 Location: Newcastle Status: Offline Points: 1534 |
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Sad news indeed. The 5th biggest British airline goes into administration and the CAA launch the biggest peacetime repatriation exercise.
"Customers abroad: Everyone due to fly in the next fortnight will be brought back to the UK at no cost to them. There is no need to cut short a stay Customers currently overseas should check monarch.caa.co.uk for confirmation of their new flight details - which will be available a minimum of 48 hours in advance of their original departure time." All affected customers should keep checking monarch.caa.co.uk for more information |
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Colin
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Andrew
Top Contributors Joined: 27/December/2008 Location: UK or Algarve Status: Offline Points: 7259 |
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Sad news.
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Andrew
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Richardk
Senior Member Joined: 29/July/2008 Status: Offline Points: 760 |
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Hope you get back ok Andrew (& any others) but as already said it will be difficult for the employees to pick up work quickly as the holiday business goes into winter shutdown.
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simpson
Regular Joined: 17/July/2008 Location: Liverpol Status: Offline Points: 316 |
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one of the better airlines such a shame
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