Monarch Airlines To Cease Trading?

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McG
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Re: Monarch Airlines To Cease Trading?

Post by McG »

So basically they have secured external financing for the order of 737's that they've already placed about a year ago.

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bigfatron
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Re: Monarch Airlines To Cease Trading?

Post by bigfatron »

McG wrote:So basically they have secured external financing for the order of 737's that they've already placed about a year ago.


If that 45 figure is a firm order then it means they've also taken up the extra option from the original 2014 order (which was 30 firm and an option on another 15).

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CJS
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Re: Monarch Airlines To Cease Trading?

Post by CJS »

Wes_Howes wrote:
CJS wrote:
I expect Rammstein will be popping up to have some of that humble pie I baked (it smells good!) any time now ;-)

Would you believe, he hasn't visited the forum since Friday evening :whistle:


Funny that. I mean actually quite amusing. I expect s/he's still recovering from their 'hardcore clubbing' and they wouldn't have been on to say 'I told you so' if Monarch had gone up the swanny on Friday...
With just the slightest bit of finesse, I might have made a little less mess.

Stagger2
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Re: Monarch Airlines To Cease Trading?

Post by Stagger2 »

HOT NEWS........ Wednesday is not a great night for Hard-core Clubbing, so the CAA chose '12 days' so their spokesperson & part-time (even more partly dubious) clairvoyant 'Dr Rammstein' could afford the crystal-ball his full attention. :loser:

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CJS
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Re: Monarch Airlines To Cease Trading?

Post by CJS »

*snorts coffee all over laptop*

Nice one stagger2 - it's a heck of a hangover he's got to not even make it back to his computer yet to come on and have some humble pie. It's going off, I might have to eat it myself soon :whistle:
With just the slightest bit of finesse, I might have made a little less mess.

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Brevet Cable
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Re: Monarch Airlines To Cease Trading?

Post by Brevet Cable »

Stagger2 wrote:Wednesday is not a great night for Hard-core Clubbing

Unless you're a University student ( or is it only Cardiff where the clubs have student nights on Wednesdays ? ) :lol:
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Russ
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Re: Monarch Airlines To Cease Trading?

Post by Russ »

Rammstein wrote:As for Monarch I'm not basing anything on speculation. Gone by Friday.

Do you have this weeks wrong lottery numbers as well? Just so I don't pick them.

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CJS
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Re: Monarch Airlines To Cease Trading?

Post by CJS »

As for Rammstein, I'm basing nothing on speculation. Gone by Friday.
With just the slightest bit of finesse, I might have made a little less mess.

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boff180
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Re: Monarch Airlines To Cease Trading?

Post by boff180 »

CJS wrote:As for Rammstein, I'm basing nothing on speculation. Gone by Friday.


Nah the user will go back to using their "normal" username which was last online Friday......

Access to the forum IP address matching tool comes in handy for mods..... :biggrin:

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CJS
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Re: Monarch Airlines To Cease Trading?

Post by CJS »

Is it our friend from the Scampton thread? I doubt it but that would be brilliant :-P
With just the slightest bit of finesse, I might have made a little less mess.

Stagger2
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Re: Monarch Airlines To Cease Trading?

Post by Stagger2 »

Was expecting it to be the intensely 'committed' (or...should be??) poster formerly known as the all-knowing "n0143337" going for a 3-0 drubbing against the ill-informed UKAR Massif.
Note:- Username Digits altered to protect the purveyors true identity :wink:

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Brevet Cable
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Re: Monarch Airlines To Cease Trading?

Post by Brevet Cable »

boff180 wrote:Nah the user will go back to using their "normal" username which was last online Friday......
Access to the forum IP address matching tool comes in handy for mods..... :biggrin:

Time for a Forum Rule #26, perhaps, in line with many other fora......No 'sock-puppet' accounts ?

( And for those who don't know what a 'sock puppet' is, it's where someone has multiple registered user-names on a forum )
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CJS
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Re: Monarch Airlines To Cease Trading?

Post by CJS »

Stagger2 wrote:Was expecting it to be the intensely 'committed' (or...should be??) poster formerly known as the all-knowing "n0143337" going for a 3-0 drubbing against the ill-informed UKAR Massif.
Note:- Username Digits altered to protect the purveyors true identity :wink:


"It [the now confirmed Scampton Airshow 2017] will never happen. Fact. Just like the time I told you all Waddington wasn't coming back. This is the same level of fact."

It does sound like him doesn't it? I hope he's OK, he never came back to apologise for that one either... :tumbleweed:
With just the slightest bit of finesse, I might have made a little less mess.

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Rampvan
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Re: Monarch Airlines To Cease Trading?

Post by Rampvan »

Ip addresses are only any good to MODs if the user only logs in on one PC :whistle: and Im in Gatwick right MODs :wink:

Anyway back on topic, it looks like it was Boeing who bailed out Monarch in the 12th hour with a lease back deal on the new 737s...

ChopsyOpsy
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Re: Monarch Airlines To Cease Trading?

Post by ChopsyOpsy »

Rampvan wrote:Ip addresses are only any good to MODs if the user only logs in on one PC :whistle: and I'm in Gatwick right MODs :wink:

Anyway back on topic, it looks like it was Boeing who bailed out Monarch in the 12th hour with a lease back deal on the new 737s...

So how does that work?

Monarch buy the aircraft, immediately sell them back to Boeing who then immediately lease them to Monarch?

McG
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Re: Monarch Airlines To Cease Trading?

Post by McG »

They're usually bought by the airline, sold to a leasing company and then leased from the leasing company.

Many airlines do this - Ryanair and Emirates have both done this.

ChopsyOpsy
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Re: Monarch Airlines To Cease Trading?

Post by ChopsyOpsy »

McG wrote:They're usually bought by the airline, sold to a leasing company and then leased from the leasing company.

Many airlines do this - Ryanair and Emirates have both done this.

So why does the leasing company not just buy them? It must cost the airline quite a bit in fees/costs for negotiations etc.

qwerty
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Re: Monarch Airlines To Cease Trading?

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Stagger2
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Re: Monarch Airlines To Cease Trading?

Post by Stagger2 »



Annnnd...there you have it! Just exactly why I'm not minted. Damn' I wish I was that smart earlier in my life. I could've been the other Branson Bruvver, but without the Goatee Beard, dodgy hair & oh!.... the Space obsession thing!

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Rampvan
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Re: Monarch Airlines To Cease Trading?

Post by Rampvan »

Stagger2 wrote:


Annnnd...there you have it! Just exactly why I'm not minted. Damn' I wish I was that smart earlier in my life. I could've been the other Branson Bruvver, but without the Goatee Beard, dodgy hair & oh!.... the Space obsession thing!


Branson has started to buy instead of lease his aircraft now ! British Midlands Sir Michael Bishop on the other hand although owning BM started up his own leasing company to buy the planes then lease them back to his own airline :clap:

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Rampvan
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Re: Monarch Airlines To Cease Trading?

Post by Rampvan »

UK Daily Telegraph 10 Mar.
"Monarch Airlines CEO Andrew Swaffield has assured staff the deal will go through although not before the deadline day." The 12 day extention expires Wednesday.
"At the same time Monarch has attracted the interest of the Chinese conglomerate HNA GROUP, which also owns Swissport, reigniting speculation that stake in the carrier may be up for sale."

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Brevet Cable
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Re: Monarch Airlines To Cease Trading?

Post by Brevet Cable »

http://www.bbc.co.uk/news/business-37628348
Struggling budget airline Monarch has announced a £165m investment from Greybull Capital.
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planenuttoo
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Re: Monarch Airlines To Cease Trading?

Post by planenuttoo »

That's good news for the Airline and it's employees and keeps the competition for other British airlines.

Vodka
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Re: Monarch Airlines To Cease Trading?

Post by Vodka »

Poor business from its Equity owners. The world now knows how desperate they are over future re-financing. Monarch will be sold up and shipped out within 12 months

Traveller
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Re: Monarch Airlines To Cease Trading?

Post by Traveller »

Ah i wonder why im resurrecting this......

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