Monarch Airlines creditors will get back little of what they are owed - KPMG report

Monarch Airlines creditors will get back little of what they are owed - KPMG report
 

It is thought that the creditors report, which is scheduled to be released next week will say that Monarch’s unsecured creditors face substantial losses. 
They include the Pension Protection Fund, the Government’s pensions lifeboat scheme. 
Meanwhile, the fate of secured creditors, primarily Monarch’s former owner Greybull Capital, depends on whether KPMG can appeal against a High Court ruling. 
On Wednesday the High Court ruled that KPMG cannot sell the defunct airline’s lucrative take-off and landing slots, as it is no longer flying and thus has no automatic right to them. 
KPMG will find... read more

 
12 November 2017 in Business, Views: 76
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