Sunday, 22 October, 2017

Monarch Airlines bankrupt; Gibraltar prepares "prudent" contingency plans

100000 travellers risk being stranded by stalling Monarch REFILE-Monarch Airlines ceases operations, flights cancelled - CAA
Andrew Cummings | 05 October, 2017, 00:53

A popular airline which flew out of Gatwick Airport has gone into administration, cancelling hundreds of flights and leaving up to 110,000 passengers overseas.

Some 110,000 passengers are believed to be stuck overseas as the UK-based budget Monarch airline announced all of its flights and holidays have been "canceled and are no longer operating".

Hundreds of thousands of passengers across Europe risked being stranded after Monarch Airlines, which has three routes from Stockholm to the United Kingdom, went into administration.

And it understood that Monarch passengers who were due to fly to the United Kingdom from Gibraltar will also be transferred to Malaga airport.

The airline said companies affected by its failure include Monarch Airlines Ltd., Monarch Holidays Ltd., First Aviation Ltd., Avro Ltd. and Somewhere2stay Ltd.

Monarch was the fifth biggest airline and the largest ever to enter administration, according to the UK's Civil Aviation Authority said.

This comes shortly after budget airline Ryanair was forced to reduce its fleet and cancel thousands of flights as it struggled to overcome a pilot scheduling crisis.

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Almost 2,000 employees were laid off on Monday, while three quarters of a million people were left with booked tickets but no flights.

300,000 future booking has been cancelled and holidayers have been told to look at a dedicated website for advice and information.

"We understand this will be a hard time for customers whose travel plans have been disrupted and we are providing information and assistance to those who have already travelled to the airport for flights that had been due to depart today".

The chief executive of the CAA Andrew Haines said passengers should prepare for some delays.

On Monday morning, Zagreb Airport operator also announced that Monarch will no longer be flying to London and Manchester from the Croatian capital.

"Some disruption is inevitable in these extraordinary circumstances", the CAA said in another tweet. It also says that the authority is "working round the clock" to make sure that customers staying in accommodation booked through Monarch can remain there until the end of their holiday.

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