[UPDATED] UK leisure carrier Monarch Airlines entered administration in the early hours of Oct. 2 and its air operator’s certificate (AOC) has been suspended, marking the UK’s largest ever airline collapse. In addition, later in the day, the joint administrators of Monarch Airlines Ltd. and Monarch Travel Group confirmed that 1,858 employees have been made redundant. “Of these, 1,760 were employees of Monarch Airlines, while 98 were employed by Monarch Travel Group. ...

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