Monarch Airlines mull takeover ahead of cash injection
Greybull Capital is understood to be in discussions with Chinese firm HNA Group, the company behind Hainan Airlines, about a potential deal, with others thought to be waiting in the wings.
Monarch was forced to deny “negative speculation” over the weekend that it is in financial trouble, and sources close to the situation confirmed that the airline is in no immediate danger of going bust.
A spokesman said: “Our flights are operating as normal, carrying Monarch passengers as scheduled.
To weather tougher market conditions and to fund its ongoing growth, Monarch expects to announce a... read more
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