UK low-cost carrier Monarch Airlines announced Oct. 12 it has received a £165 million ($203 million) injection from majority shareholder, Greybull Capital, on the deadline set by UK regulator Civil Aviation Authority to have fresh funding in place. On Sept. 30, Monarch received a 12-day extension of its air travel organizer’s license (ATOL) from the CAA, which allowed the Luton-based carrier to continue flying. ATOL is a UK government-mandated travel insurance scheme that ...

Subscribe to Access this Entire Article

"Printer-friendly" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.