UK discussing Monarch compensation with credit, debit card firms

Britain's transport minister said Monday the costs of bringing home 110,000 customers of airline Monarch, which collapsed last week, were being discussed with credit and debit card companies. Monarch went bust last week amid intense competition over passengers and a weaker pound following the Brexit vote decimated company profits. "I am also aware of the duty this govt has to the taxpayer and ... we've entered into discussions with several third parties with the aim of recovering costs of the operation," transport minister Chris Grayling told parliament. "We're currently engaged in constructive discussions with the relevant credit and debit card providers so we recoup from them some of the costs to taxpayers of these repatriation flights," he said. <br/>