Crunch talks to keep Monarch flying go right to the brink as budget airline battles to renew a crucial licence

Monarch Airlines was granted an 11th-hour reprieve last night in a battle to renew a crucial licence to fly package holidaymakers.
Crisis talks between the budget airline, its biggest financial backers and regulators headed to the wire. 
The Luton-based firm, which flies more than 6million passengers every year, was forced to deny speculation which emerged last weekend that it was on the verge of going bust.
Airlines which fly package holidaymakers have to renew their Air Travel Operators' Licence (Atol) every year.
The licence offers passengers financial protection if the airline fails,... read more

30 September 2016 in Business, Views: 37
Source: Daily Mail

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