Monarch airline wins £165m investment from Greybull

Monarch airline wins £165m investment from Greybull
 

Struggling budget airline Monarch has announced a £165m investment from Greybull Capital.
The fresh financing has allowed Monarch to renew its membership of the Air Travel Organisers' Licensing (Atol) scheme - the scheme that refunds customers if a travel firm collapses.
Greybull Capital is Monarch's majority shareholder and is also know for its investment in Scunthorpe's steelworks.
The investment is the biggest in Monarch's 48-year history.
"It is testament to the extensive effort by all parties, over the past weeks and months, that we are able to announce the largest investment in... read more

 
12 October 2016 in Business, Views: 35
Source: BBC
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