Monarch Airlines’ collapse
Monarch Airlines has ceased trading and more than 300,000 future bookings for flights and holidays have been cancelled. The Civil Aviation Authority says it is taking action to get 110,000 people back to UK.
The British low-cost airline has shut down after the failure of emergency talks with the Civil Aviation Authority. All future holidays and flights provided by Monarch have been cancelled and are no longer operating.
About 110 000 customers are currently overseas and the UK Government has asked the CAA to charter more than 30 planes to bring them back to the UK. Britain’s longest-surviving airline reported a £291m loss last year. The carrier had been a victim of a price war on heavily congested traditional routes to the Mediterranean countries. It is being called the UK’s biggest ever airline collapse and the biggest peacetime repatriation operation.
Monarch Airlines has been placed into administration and all flights from the UK have been cancelled and will not be rescheduled, accountants KPMG said on Sunday night.
This is an unprecedented situation. All affected passengers who are abroad and due to return to the UK in the next two weeks will be flown home at no extra cost. Customers currently overseas should check monarch.caa.co.uk >> for advice and confirmation of their new flight details – which will be available a minimum of 48 hours in advance of their original departure time. People who booked package holidays, but have not yet flown, will be able to apply for a refund.