Monarch News

Monarch wins 12 month reprieve with £165m cash boost

Monarch wins 12 month reprieve with £165m cash boost

Monarch has announced the biggest investment in its 48 year history as it seeks to allay concerns over its financial viability. The carrier has received a £165 million investment from its majority shareholder, Greybull Capital. As a result of this investment Monarch has successfully renewed its ATOL licences from the CAA for the next 12 months and funded future growth plans.

Change at the top for Monarch Group

Change at the top for Monarch Group

12th Jan 2016 Tourism News

Monarch has confirmed that its Chief Financial Officer, Barry Nightingale, has decided to leave the business and will make the transition at the end of January. Chris Bennett, currently Deputy CFO, will be appointed as the new Chief Financial Officer.

Monarch selects Greybull Capital as preferred bidder

Monarch selects Greybull Capital as preferred bidder

23rd Sep 2014 Airline News

The board of Monarch Holdings has announced today that Greybull Capital has been selected as the preferred bidder to acquire Monarch from the group’s shareholders, principally the Mantegazza family. Greybull is a family office with a focus on investing in private companies across a diversified range of industry sectors.

New managing director for Monarch Airlines

New managing director for Monarch Airlines

9th Jan 2014 Airline News

The Monarch Group has announced the appointment of Andrew Swaffield as managing director of its scheduled airline, Monarch Airlines, with effect from April 1st 2014. Swaffield joins Monarch Airlines from Avios Group, where he was managing director for seven years from 2006.

Monarch launches two new routes

Monarch launches two new routes

2nd May 2012 Airline News

Scheduled leisure airline Monarch is launching new routes to Dubrovnik in Croatia and Heraklion in Crete. The flights will operate from Birmingham and London Gatwick airports from 1st May 2012 with fares starting from £29.

Monarch launches Barcelona flights

21st Oct 2011 Airline News

Scheduled leisure airline Monarch is launching new daily flights from London to Barcelona today, increasing to 11 flights per week from 30 October 2011, bringing the total number of scheduled destinations served by the airline from Gatwick to 13.

Monarch introduces flight Air Packs

16th Sep 2011 Press Release Airline News

Customers will be able to choose between two Monarch Air Packs, a Value Pack and a Comfort Pack, combining extras such as allocated seating and inflight meals and offering savings of over £50 for a family of four on a return flight.

Monarch scraps debit card fees

Monarch, the scheduled leisure airline, has abolished the fees it charges passengers for using debit cards to book flights. The move is expected to put pressure on its rivals to follow its lead. The carrier is instead introducing a fixed fee for all credit card bookings.