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  • FIRST POST
    • richardw
    • By richardw 12th Oct 16, 7:37 AM
    • 18,349Posts
    • 7,590Thanks
    richardw
    0 WOW
    Monarch secures funding...
    • #1
    • 12th Oct 16, 7:37 AM
    0 WOW
    Monarch secures funding... 12th Oct 16 at 7:37 AM
    .....http://blog.monarch.co.uk/165-million-investment-in-monarch/

    Btw there are some very cheap monarch flights departing in the next few weeks, excluding half term, could be good if you fancy a break, always double check other airlines before booking.
    Posts are not advice and must not be relied upon.
Page 1
    • Westin
    • By Westin 12th Oct 16, 7:49 AM
    • 1,203 Posts
    • 887 Thanks
    Westin
    • #2
    • 12th Oct 16, 7:49 AM
    • #2
    • 12th Oct 16, 7:49 AM
    The announcement was VERY CLOSE the the wire....
    • richardw
    • By richardw 12th Oct 16, 8:22 AM
    • 18,349 Posts
    • 7,590 Thanks
    richardw
    • #3
    • 12th Oct 16, 8:22 AM
    • #3
    • 12th Oct 16, 8:22 AM
    It was, something to avoid in September 17.
    Posts are not advice and must not be relied upon.
    • Gloomendoom
    • By Gloomendoom 12th Oct 16, 9:41 AM
    • 13,255 Posts
    • 17,469 Thanks
    Gloomendoom
    • #4
    • 12th Oct 16, 9:41 AM
    • #4
    • 12th Oct 16, 9:41 AM
    The announcement was VERY CLOSE the the wire....
    Originally posted by Westin
    I don't see that as relevant. They knew how much time they had and they used it.
    Advice; it rhymes with mice. Advise; it rhymes with wise.
    • I Love comps
    • By I Love comps 12th Oct 16, 10:08 AM
    • 867 Posts
    • 2,668 Thanks
    I Love comps
    • #5
    • 12th Oct 16, 10:08 AM
    • #5
    • 12th Oct 16, 10:08 AM
    According to the news they can operate for another 12 months.
    • SW17
    • By SW17 12th Oct 16, 11:04 AM
    • 829 Posts
    • 536 Thanks
    SW17
    • #6
    • 12th Oct 16, 11:04 AM
    • #6
    • 12th Oct 16, 11:04 AM
    Good news for their staff and customers. I would imagine the delay was Greybull getting funding from the banks, they are unlikely to be using their own money. Their ATOL will be valid another 12 months, but they still have underlying challenges in that business.

    At least my flight with them tonight will operate, I wonder how full the aircraft will be...
    Last edited by SW17; 12-10-2016 at 11:07 AM.
    • interstellaflyer
    • By interstellaflyer 12th Oct 16, 12:02 PM
    • 1,653 Posts
    • 980 Thanks
    interstellaflyer
    • #7
    • 12th Oct 16, 12:02 PM
    • #7
    • 12th Oct 16, 12:02 PM
    Also announced that they are replacing their current fleet with new Boeing 737 K8s which apparently are massively less expensive to maintain and more fuel effecient, I guess they mean the fleet of Airbus 320 and 321s, a bit of a strange move not to go with current gereation Aibus models.
    I hate football and do wish people wouldn't keep talking about it like it's the most important thing in the world
    • christaitfife
    • By christaitfife 12th Oct 16, 12:29 PM
    • 142 Posts
    • 100 Thanks
    christaitfife
    • #8
    • 12th Oct 16, 12:29 PM
    • #8
    • 12th Oct 16, 12:29 PM
    The anouncment wasn't very close.

    In real terms the likelyhood of Monarch failing was small due to their ownership. Sadly, this didn't mean that newspapers would not try to exploit the situation for a sensationalised story and wory customers in the progress.

    I think if you look at what actually happened, it basically turns out that the order with Boening was restructured, more finance was injected and some costs lowered. his really was just a case of a company trying to gain the upper hand. And it worked.
    • jaybeetoo
    • By jaybeetoo 12th Oct 16, 5:35 PM
    • 560 Posts
    • 268 Thanks
    jaybeetoo
    • #9
    • 12th Oct 16, 5:35 PM
    • #9
    • 12th Oct 16, 5:35 PM
    The well publicised problems of the last month will not have done their cash flow any favours.
    • martindow
    • By martindow 13th Oct 16, 11:49 AM
    • 7,298 Posts
    • 4,079 Thanks
    martindow
    The anouncment wasn't very close.

    In real terms the likelyhood of Monarch failing was small due to their ownership. Sadly, this didn't mean that newspapers would not try to exploit the situation for a sensationalised story and wory customers in the progress.
    Originally posted by christaitfife
    If so, it makes it all the more strange that they left it until the last minute to get the finance in place to renew their licence.

    People's perceptions of a company can have a powerful effect on its future. This poor publicity seems to be entirely of Monarch's making.
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