We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Monarch secures funding...
richardw
Posts: 19,470 Forumite
.....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.
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.
0
Comments
-
The announcement was VERY CLOSE the the wire....0
-
It was, something to avoid in September 17.Posts are not advice and must not be relied upon.0
-
-
According to the news they can operate for another 12 months.I am a Senior Ambassador on the Competitions Time Board and the Old Style MoneySaving Board.
If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
My Diary Link My Frugal Year 2023 My Frugal Year 2023 — MoneySavingExpert Forum
My Challenges
Make £2023 in 2023. £3.16/£2023 Make £2023 in 2023 — MoneySavingExpert Forum
Compers Challenge 2023 0 Wins Compers challenge 2023! — MoneySavingExpert Forum
0 -
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...0 -
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 world0
-
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.0 -
The well publicised problems of the last month will not have done their cash flow any favours.0
-
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.christaitfife wrote: »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.
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.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards