Monarch Airlines enter into administration
On Monday 2nd October, Monarch Airlines and Monarch Travel Group went into administration. All flights from the UK operated by Monarch Airlines were cancelled and unfortunately not rescheduled. All Monarch flights scheduled to fly into the UK over the next two weeks will be replaced with alternative flights, organised by the Civil Aviation Authority (CAA) with assistance from the administrators.
Professional service company, KPMG was appointed joint administrators to Monarch Airlines Limited on 2nd October and at the same were also appointed joint administrators to Monarch Travel Group Limited. The Travel Group’s engineering operation, Monarch Aircraft Engineering Limited, has not gone into administration and is continuing to trade as normal.
As a result of the insolvency proceedings, Monarch Airlines is no longer able to fly as its Air Operating Certificate has been suspended.
If your business has been affected by this insolvency, please contact one of our specialist advisors for more information on 01275 817320.