The Agora => Greek News => Holidays in Hellas => Topic started by: Maik on Monday, 02 October, 2017 @ 12:32:17

Title: Monarch Airlines
Post by: Maik on Monday, 02 October, 2017 @ 12:32:17

Monarch has confirmed that the following companies have ceased trading and now entered administration:

    Monarch Airlines Ltd
    Monarch Holidays Ltd (ATOL Number 2275)
    First Aviation Ltd (ATOL Number 4888) previously trading as Monarch Airlines
    Avro Ltd (ATOL Number 1939)
    Somewhere2stay Ltd

As a result, we are sorry to inform you that, as of 2 October 2017, all future holidays and flights provided by these companies have been cancelled and are no longer operating.

I am currently abroad (http://I am currently abroad) /  I have a future booking and have not travellled yet (https://monarch.caa.co.uk/customers/i-have-a-future-booking-and-have-not-travelled-yet/).

The UK's biggest peacetime repatriation operation has been launched to bring home 110,000 holidaymakers after Monarch Airlines was placed into administration.

A total of 300,000 future bookings were cancelled as result of the firm's collapse,  the largest to hit a UK airline, and Monarch passengers were told not to go to airports because there would be no more flights. 

Those who have bought Monarch flights as part of a package with an ATOL certificate have financial protection. But the majority of passengers, around 95 per cent, have bought flight-only deals, for which consumer protection is much more complex and uncertain.

How will Monarch customers be affected? (http://www.bbc.co.uk/news/business-41463787)
Title: Re: Monarch Airlines
Post by: TonyKath on Tuesday, 03 October, 2017 @ 17:37:24
It's going to leave a hole in the market for the smaller package holiday operators, e.g. Olympic and others who fly to Greece/Kef.