Boeing helped finance bailout of Monarch Airlines
Boeing helped finance the GBP165m bailout of Monarch Airlines last year in a bid to keep the struggling carrier flying. The owners of Monarch, which collapsed last week leaving thousands of passengers stranded, confirmed Sunday that the aircraft maker facilitated a substantial capital injection into the faltering business in several tranches between Oct 2016 and March this year. Boeing is understood to have pumped more than GBP100m into the airline in a move that both staved off its immediate closure and proofed its private equity owner — Greybull Capital — against further losses. Greybull refused to comment on the details of the financing, saying that they were “commercially confidential”. It denied, however, that there had been anything secretive about the transaction. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-10-09/unaligned/boeing-helped-finance-bailout-of-monarch-airlines
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Boeing helped finance bailout of Monarch Airlines
Boeing helped finance the GBP165m bailout of Monarch Airlines last year in a bid to keep the struggling carrier flying. The owners of Monarch, which collapsed last week leaving thousands of passengers stranded, confirmed Sunday that the aircraft maker facilitated a substantial capital injection into the faltering business in several tranches between Oct 2016 and March this year. Boeing is understood to have pumped more than GBP100m into the airline in a move that both staved off its immediate closure and proofed its private equity owner — Greybull Capital — against further losses. Greybull refused to comment on the details of the financing, saying that they were “commercially confidential”. It denied, however, that there had been anything secretive about the transaction. <br/>
