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Monarch Airlines

IAG Acquires Monarch Slots

British Airways owner IAG has completed a deal to acquire former Monarch Airlines slots at London/Gatwick.  The purchase, for an undisclosed sum, came days after administrator KPMG won an appeal to retain lucrative airport slots held by the recently failed

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KPMG Appeals Monarch Slots Ruling

Administrator KPMG has launched an appeal after losing a High Court battle to retain lucrative airport slots held by the recently failed Monarch Airlines.  The UK’s fifth-biggest carrier ceased operations in early October after running into financial difficulties, leaving thousands

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Monarch Airlines Ceases Trading

The UK’s fifth largest airline, Monarch stopped flying with immediate effect at 0400 on October 2 when administrators from KPMG were appointed for the struggling company. With immediate effect, all the carrier’s flights to the UK, and for the next

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Monarch Secures Funding

Monarch Airlines has been granted an eleventh-hour reprieve after securing a multi-million-pound funding package.  The £165m investment, by majority shareholder Greybull Capital, was confirmed on October 12 and is the biggest of its kind in the British carrier’s 48-year history.

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