UK launches ‘biggest ever peacetime repatriation’ after Monarch collapse
The UK govt started Britain’s “biggest ever peacetime repatriation” Monday as it began flying home the first of 110,000 holidaymakers stranded overseas after the collapse of Monarch Airlines, the country’s fifth-biggest airline. Administrators from KPMG were appointed in the early hours of Monday morning after the carrier and tour operator held emergency talks at the weekend with regulators over Monarch’s future. All of its 750,000 future bookings have been cancelled. The administrators said Monday evening that 1,858 employees out of 2,100 at Monarch Airlines and Monarch Travel Group had been made redundant. “The remainder have been retained by the joint administrators to assist them in the administration process and, importantly, to help collate critical information to assist the CAA,” KPMG said. <br/>
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UK launches ‘biggest ever peacetime repatriation’ after Monarch collapse
The UK govt started Britain’s “biggest ever peacetime repatriation” Monday as it began flying home the first of 110,000 holidaymakers stranded overseas after the collapse of Monarch Airlines, the country’s fifth-biggest airline. Administrators from KPMG were appointed in the early hours of Monday morning after the carrier and tour operator held emergency talks at the weekend with regulators over Monarch’s future. All of its 750,000 future bookings have been cancelled. The administrators said Monday evening that 1,858 employees out of 2,100 at Monarch Airlines and Monarch Travel Group had been made redundant. “The remainder have been retained by the joint administrators to assist them in the administration process and, importantly, to help collate critical information to assist the CAA,” KPMG said. <br/>
