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    MONARCH AIRLINES GOING GOING GONE BUST

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    MONARCH AIRLINES GOING GOING GONE BUST

    Post by Guest on Sun 19 Oct 2014 - 12:14

    TALKS to save Monarch Airlines continued this weekend with just days left to avert the carrier’s possible closure.
    Sources close to the negotiations said they were confident a deal could be reached before Friday, when its licence to sell holidays is due to expire.
    Greybull Capital, a London investment fund, is in talks to buy the carrier from Switzerland’s Mantegazza family.
    The process has been complicated by the need to agree terms with unions, aircraft lessors and the Pension Protection Fund (PPF), the government-backed agency that takes on retirement plans from stricken companies.

    http://www.thesundaytimes.co.uk/sto/business/Companies/article1472813.ece


    A secretive vulture fund that backed electricals retailer Comet before its collapse has emerged as a potential saviour for the troubled airline Monarch.



    Nathaniel Meyohas is 36 years old. After having spent several years working for large investment banks and getting an MBA from NYU, Nathaniel moved into private equity.Nathaniel worked for 8 years for a large American private equity fund in new York and London, specialising in investing in turnarounds and underperforming companies. He led several highly successful investments by investing in high profile European and American companies. In 2010,Nathaniel launched a new private investment firm, Greybull Capital, specialising in acquiring underperforming and troubled companies, with a view to improving their performance and profitability.


    their very full webste
     http://greybull.co.uk/




    http://www.pensionprotectionfund.org.uk/DocumentLibrary/Documents/what_is_the_ppf.pdf


    Last edited by TVTenerife on Sun 19 Oct 2014 - 12:34; edited 4 times in total
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    Re: MONARCH AIRLINES GOING GOING GONE BUST

    Post by Guest on Sun 19 Oct 2014 - 12:15

    anyone know what flights are covered by ATOL ,coz as far as i knoW its only if you got a HOLIDAY BOOKED not just a flight 


    24/10 Friday, when its licence to sell holidays is due to expire. 
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    Adam Mint
     
     

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    Re: MONARCH AIRLINES GOING GOING GONE BUST

    Post by Adam Mint on Sun 19 Oct 2014 - 14:23

    Knew Annie and family were booked with Monarch either going out or coming back next summer, but have just checked with her, the full package (flights/apartments) are booked through On The Beach which is ATOL protected...

    Have allways said them Monarch trolley dollies have thier heads to far up thier own arses,,, normally well over a hour in to the flight before they get their act together and start sell you drinks,,, then they tell you to order all you need in one go as they're to feckin lazy come back again,,, ain't gonna make money like that are they...
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    Re: MONARCH AIRLINES GOING GOING GONE BUST

    Post by Guest on Sun 19 Oct 2014 - 15:36

    Adam Mint wrote:Knew Annie and family were booked with Monarch either going out or coming back next summer, but have just checked with her, the full package (flights/apartments) are booked through On The Beach which is ATOL protected...

    Have allways said them Monarch trolley dollies have thier heads to far up thier own arses,,, normally well over a hour in to the flight before they get their act together and start sell you drinks,,, then they tell you to order all you need in one go as they're to feckin lazy come back again,,, ain't gonna make money like that are they...




    MOST aint ALL ...i would check by ringing and asking and then want a letter to say it is 



    ´´Booking Conditions

    As a travel agency, most holidays and cheap flights booked with On the Beach will be subject to the standard ABTA / ATOL regulated booking conditions of the tour operator and / or hotel providers. Please consult our standard holiday terms and conditions.´´
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    Topdog
     
     

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    Re: MONARCH AIRLINES GOING GOING GONE BUST

    Post by Topdog on Sun 19 Oct 2014 - 16:06

    some covered by atol some by abta, but always pay on a credit card or well covered debit card as it will take ages to get yer money back from atol or abta.
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    Re: MONARCH AIRLINES GOING GOING GONE BUST

    Post by Guest on Sun 19 Oct 2014 - 16:30

    Topdog wrote:some covered by atol some by abta, but always pay on a credit card or well covered debit card as it will take ages to get yer money back from atol or abta.
    and one will have lost a holiday booked a long time in advance ...so having to pay more to have same time at shorter notice....


    a funny thing happened to the other half on way to berlin ...
    she had a ticket with a germn tour compnt so they said ´´wait outside hotel ambassador´´ so we did ...along came a coach TUI customers got on looking like ´´were posh ´´ and left my misses standing there ,coach went round the one way system and stopped at a large hotel arround the corner and wa giving an updated list ...so back round th one way system to pick up the better half ...by then we got big ice creams and had sat in the sun another 20 mins while posh TUI people sat on a coach thats just gone bck to where they got on ...footnote flight was cancelled so got a night in posh hotel in los christ..
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    Re: MONARCH AIRLINES GOING GOING GONE BUST

    Post by Adam Mint on Sun 19 Oct 2014 - 16:36

    I was almost buying that untill the posh hotel in Los Cris bit...
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    Perfectspecimen
     
     

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    Re: MONARCH AIRLINES GOING GOING GONE BUST

    Post by Perfectspecimen on Sun 19 Oct 2014 - 19:15

    Yep, you are right, there aint one. Los Cristianos is about as up market as Skegness. Not that I'm complaining like as a regular patron of the Funchal €1 a pint Strip.     food



    Adventure before dementia!!!
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    Re: MONARCH AIRLINES GOING GOING GONE BUST

    Post by Guest on Sun 19 Oct 2014 - 20:10

    now we see the plan  this part of the group made a profit along with the well known aircraft enginnering outfit at LUTON 
    http://www.firstaviation.co.uk/
    the airline itself is a waste of space ...

    http://centreforaviation.com/analysis/monarch-airlines-part-2-why-one-of-europes-lowest-cost-airlines-is-right-to-seek-cost-reductions-189893

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    Re: MONARCH AIRLINES GOING GOING GONE BUST

    Post by Topdog on Sun 19 Oct 2014 - 23:31

    I booked flights and hotel seperate but paid for both on a credit card at same time. Both covered by either atol or abta, cant remember, probably both. Anyway airlibe went tits up, 8 of us, so had to re book more flights, got the flights at 8 quid more each than previous, put a claim in to Travel republic who did the booking....bear in mind they did two seperate as they do, they said we needed to claim the airfares back through abta/atol....we did and were told after 7 weeks it could take 18 months to 2 years. We contacted the credit card and were paid within 10 weeks and the full wack, despite using the hotel they paid us back for both, result.
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    Re: MONARCH AIRLINES GOING GOING GONE BUST

    Post by Guest on Mon 20 Oct 2014 - 2:29

    we did and were told after 7 weeks it could take 18 months to 2 years


    dont tell you that on adverts 
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    Re: MONARCH AIRLINES GOING GOING GONE BUST

    Post by Topdog on Mon 20 Oct 2014 - 10:07

    I complained about a 7 hour flight delay got it referred to ATOL and they took 3 years to tell me they are happy that the delay was not through Thomascooks own fault. Despite the fact that after 2 hours they sent the crew home, 3 hours the plane was ready and then another 4 hours to get a replacement crew, fecking shambles they all eat off the same plate.
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    Re: MONARCH AIRLINES GOING GOING GONE BUST

    Post by Guest on Mon 20 Oct 2014 - 10:10

    Topdog wrote:I complained about a 7 hour flight delay got it referred to ATOL and they took 3 years to tell me they are happy that the delay was not through Thomascooks own fault. Despite the fact that after 2 hours they sent the crew home, 3 hours the plane was ready and then another 4 hours to get a replacement crew, fecking shambles they all eat off the same plate.
    you get a hotel and fed .i think thats the best most can get ..mind you i saw a THE BALLIFFS on BBC and they went to EASYJET to gt the dosh back for a holiday and they were joking in the van that they didnt knowe how they were going to tow a JET to impound it
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    Re: MONARCH AIRLINES GOING GOING GONE BUST

    Post by Perfectspecimen on Tue 28 Oct 2014 - 19:42

    [You must be registered and logged in to see this link.]



    Adventure before dementia!!!
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    Re: MONARCH AIRLINES GOING GOING GONE BUST

    Post by Mcqueen on Tue 28 Oct 2014 - 19:58

    Shame, Always on time when i used them, good prices, decent staff,
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    Re: MONARCH AIRLINES GOING GOING GONE BUST

    Post by Adam Mint on Tue 28 Oct 2014 - 21:37

    Perfectspecimen wrote:[You must be registered and logged in to see this link.]

    Couple of lines from the article, take it that means the Canaries routes are ok...

    The fleet will be reduced from 42 aircraft to 34, and long-haul and charter flying will end by April.

    The network will specialise in Monarch's scheduled short-haul European leisure routes.


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    Re: MONARCH AIRLINES GOING GOING GONE BUST

    Post by marbro8 on Tue 28 Oct 2014 - 22:37

    Mcqueen wrote:Shame, Always on time when i used them, good prices, decent staff,
    we went out with them 2 weeks ago, late as ever,blamed the head wind for landing late,if i have a choice i would fly with ryanair every time,but they have been a bit suspect in the past
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    Re: MONARCH AIRLINES GOING GOING GONE BUST

    Post by 3rdforum on Tue 28 Oct 2014 - 23:54

    How did you get on Marbs, good??







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