Monarch collapse was timed to keep disruption to minimum, says CE
The collapse of Monarch was timed to avoid more disruption and could not have been averted because of Britain’s insolvency laws, the airline’s CE has said. Monarch was placed into administration at 4am Monday, triggering Britain’s biggest peacetime repatriation of stranded air travellers, which is expected to take about 2 weeks to complete. Andrew Swaffield, the Monarch CE, said executives had “left no stone unturned” in their effort to save the airline, but concluded Saturday night that there was no prospect of recovery. However, Monarch waited more than 24 hours to go into administration to allow the CAA to prepare its emergency flight operation. The CAA brought 11,843 Monarch customers back to the UK on 61 flights Monday, with a further 11,647 passengers expected to travel home Tuesday on specially chartered planes. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-10-04/unaligned/monarch-collapse-was-timed-to-keep-disruption-to-minimum-says-ce
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Monarch collapse was timed to keep disruption to minimum, says CE
The collapse of Monarch was timed to avoid more disruption and could not have been averted because of Britain’s insolvency laws, the airline’s CE has said. Monarch was placed into administration at 4am Monday, triggering Britain’s biggest peacetime repatriation of stranded air travellers, which is expected to take about 2 weeks to complete. Andrew Swaffield, the Monarch CE, said executives had “left no stone unturned” in their effort to save the airline, but concluded Saturday night that there was no prospect of recovery. However, Monarch waited more than 24 hours to go into administration to allow the CAA to prepare its emergency flight operation. The CAA brought 11,843 Monarch customers back to the UK on 61 flights Monday, with a further 11,647 passengers expected to travel home Tuesday on specially chartered planes. <br/>
