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Monarch Airlines Goes Bankrupt - ASHARQ AL-AWSAT English Archive
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London- Britain’s Monarch Airlines collapsed on Monday, causing the cancellation of all its activities and around 300,000 flights. It marooned more than 100,000 tourists abroad, prompting what was billed as the country’s biggest peacetime repatriation effort.

The British authorities will allocate three airplanes to be sent to thirty airports in order to face this unprecedented situation without imposing any additional costs on passengers. All other bookings were canceled without the authorities or company presenting any clarifications about the future of Monarch.

Andrew Haines, CEO of the CAA, said that this has absolutely been a tough decision on customers and employees but talks are ongoing with officials in the aviation sector to recruit the employees in Monarch as soon as possible.

“Monarch has really been a victim of a price war in the Mediterranean,” Transport Secretary Chris Grayling said.

KPMG has been appointed for administering the company that has a total of 2,100 employees given that it is an airline and travel company.

Monarch, established in 1968, witnesses huge turnout from British people wishing to spend their vacation in warm and sunny destinations, but it is facing challenges due to the severe competition.

UK’s Civil Aviation Authority (CAA) posted on Twitter and on Monarch websites that starting from Oct. 2 all flights were canceled and are no more valid in an unprecedented situation in which there are more than 110,000 passengers abroad.

The British government asked CAA to coordinate for the sake of bringing back Monarch customers to the country. New flights will be provided for them without any additional costs.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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