London Luton Airport-based Monarch Airlines has received a 12-day extension of its Air Travel Operators’ License (ATOL) from UK regulators, allowing the carrier to keep flying. ATOL is a UK government-mandated travel insurance scheme that provides passengers protection so they will not be stranded if the airline/travel company through which they booked ceases operating while they are traveling. Airlines need to demonstrate financial viability to maintain an ATOL, and Monarch’s ...

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