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 ...

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