Monarch Airlines is confident it will secure fresh financing as it battles to renew crucial licence
Monarch Airlines is confident it will secure fresh financing and so secure its crucial operating licence within the next 12 days.
The airline’s existing Air Travel Organiser’s Licence (ATOL) was due to expire at midnight on Friday after the company was forced to deny speculation that it was in financial trouble. But the group won an extension from the Civil Aviation Authority giving it until October 12 to meet the requirements.
The licence guarantees holidaymakers booking with an ATOL-holding company protection if an airline goes bust.
It ensures they can continue their holidays if abroad... read more
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