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Tag Archives: Monarch

IATA calls for review of bankruptcy laws to lessen incidents of stranded passengers

The International Air Transport Association (IATA) has called for countries to take a second look at bankruptcy regulations to lessen incidents involving stranded passengers. However, the industry trade body said no to a proposal of a rescue fund that would repatriate customers. The call stems from some high-profile airline insolvencies that happened in Europe last year. Britain’s Monarch and Germany’s Air Berlin both belly up last year. However, the process …

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UK airport boss appeals for government to set out its plans for Brexit

Charlie Cornish, the Chief Executive of the Manchester Airport Group (MAG), has urged the British government to shed light on what its vision for Brexit is. The frustration in the aviation community is palpable after negotiations with the European Union hit a snag, thereby compromising the entire timetable. Making the situation even more volatile was Finance Minister Philip Hammond’s statement that said Prime Minister Theresa May’s cabinet had yet to …

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IAG acquires slots from failed carrier Monarch Airlines

International Airlines Group (IAG), the owner of British Airways, has acquired the lucrative take-off and landing slots over at London’s Gatwick Airport, from failed carrier, Monarch Airlines. The administrators disclosed they were completing an exchange of Monarch’s slots for others currently owned by IAG but did not specify the amount IAG was paying under the arrangement to get the more valuable slot times. “As well as representing an excellent recovery …

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Monarch Airlines administrators win appeal against slots ruling

Embattled carrier Monarch Airlines gained a sliver of victory after its administrators reported that it had won its appeal against the slots ruling. Monarch’s slots at Luton and Gatwick were considered to be its most lucrative assets left, valued at an estimated £60 million after the airline went into administration on October 2. Other carriers have expressed their interest in acquiring the slots at Gatwick. Administrators KPMG had initially lost …

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Britain’s aviation authority cancels Monarch’s operating license

Britain’s aviation authority, the Civil Aviation Authority (CAA), has revoked the operating license of embattled carrier, Monarch Airlines, after its sudden downfall back in October. Monarch had tried to argue its case to the CAA, claiming that it should retain its license, much like Air Berlin when it entered administration earlier this year. Additionally, it said that suspension, and not a revocation, could aid them in attaining a better outcome …

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London court rules declares Monarch has no right to sell airport slots

A London court has ruled that embattled British carrier Monarch Airlines has no right to sell its airport takeoff and landing slots, which are considered to be the most valuable remaining assets of the failed airline. The decision by the High Court to rebuff Monarch’s claim that it must be allocated slots for summer 2018, was a massive blow to administrators that were seeking to get back money. Instead, the …

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Administrators looking for court approval to sell Monarch airport slots

The administrators of botched British carrier, Monarch, are seeking approval from the court to sell the most profitable remaining part of its business—its airport slots. The status of the airline’s slots has been in question ever since the airline went under at the start of this month. KPMG administrators have argued that they indeed have the right to sell the slots, worth an estimated 60 million pounds and sought to …

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Over 80,000 Monarch passengers brought back to UK in £60million operation

More than 80,000 vacationers have been repatriated to the UK as part of £60million operation after the travel company went into administration. The UK Civil Aviation Authority (CAA) utilized a total of 567 flights to bring back 83,875 passengers. The massive operation concluded when the last of the flights, one that came from Tel Aviv carrying 122 passengers, arrived at Luton Airport on Monday morning. The CAA added that they …

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Amendments being mulled by British Transport Secretary to avoid repeat of Monarch collapse

Secretary of State for Transport Chris Grayling said that changes are being considered to an incident much like the Monarch collapse. This, he announced even as he confirmed that around 80,000 of the affected passengers of Monarch, had already returned home. Grayling remarked that he wants to explore the possibility for airlines to “wind down in an orderly manner” and take care of their customers without the need for the …

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Members of European Parliament urge European Commission to ensure enforcement of air passenger rights

Members of European Parliament (MEPs) are set to question the European Commission on the massive cancellation of flights and the subsequent enforcement of regulations on air passenger rights. European Law states that passengers whose flights have been cancelled are entitled to reimbursement, rerouting or return. However, Dublin-based Ryanair faltered in that regard after failing to inform customers of their rights, doing so only after a threat of legal action was …

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