Monarch's licence to operate extended
Budget airline Monarch has received an extension to its licence to operate, the company has announced.
It also said it had received "significant" further investment and was close to announcing the biggest investment in its 48-year history.
The news came just ahead of a midnight deadline for the renewal of its Civil Aviation Authority (CAA) licence .
Last weekend Monarch was forced to deny "negative speculation" about its financial health.
On Saturday Monarch is due to operate 133 outbound and inbound flights, and passengers have been expressing their concerns about what... read more
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