IN THE CURRENT ENVIRONMENT OF mass globalization, multinational conglomerates and globe-spanning airline alliances, it is heartening to find in the midst of it all a family-owned niche carrier that is effectively managing to compete against legacy airlines and LCC newcomers alike. Luton-based Monarch Airlines celebrates 40 years of operation this year and, bucking general industry trends, has recorded growth in its scheduled sector for every month of 2008 so far. It is the ...

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