Airline Monarch retains operating licence after £165m cash injection



Monarch has secured a £165 million cash injection from its owner, Greybull Capital, allowing it to retain its licence to operate.
The airline had faced a midnight deadline to secure fresh funding or risk being unable to renew its Atol licence.
On Wednesday the group said that, alongside the investment - the biggest in its 48-year history - Monarch would take delivery of the first of 30 Boeing 737 MAX-8 aircraft in 2018.
Chief executive Andrew Swaffield said: "It is testament to the extensive effort by all parties, over the past weeks and months, that we are able to announce the largest... read more

 
12 October 2016 in Regional East, Views: 33
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