Monarch Airline, collapse?

I'm seeing press reports of how well the replacement repatriation flight exercise is going but.... ours, today, was the absolute pits. Treated like cattle just about covers it. Told to be there at least three hours prior to flight at 10.00am, so we get there at 6.30am. They didn't open check in until 9.30!!! Three hour wait and clearly no way we were going at ten. They then changed the departure to 11.05, we went at 12.30, six hours after we got to the airport complying with instructions... there's more but life is too short and you get the drift.
Absolute dire organisation, we were treated with total disdain, it'll be interesting to see if the Press continue to only find complimentary stories.

Train?
Gatwick Airport to Birmingham New Street
2hrs 38 minutes
£128.60 for 2 people (£64.30 each)

http://www.nationalrail.co.uk/

one of the better airlines such a shame

Sad news.

Gone

Monarch Airlines has ceased trading and all of its future bookings have been cancelled, the Civil Aviation Authority has said.

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.

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!

Let me get home first.... there again on second thoughts good excuse for staying :)