Monarch is still in the air
The Civil Aviation Authority has agreed to extend Monarch’s ATOL for 12 days after it received
‘significant’ investment from its shareholders.
A statement released on Friday said the airline was also ‘close to announcing the largest investment in its 48-year history’.
Reports have emerged over the weekend that this will be an order of 45 new Boeing aircraft.
Speculation about Monarch’s future began last week amid reports that aircraft from the US were being put on standby to repatriate passengers.
Monarch used Twitter to deny it was in financial difficulties and then posted a statement saying its flights were operating as normal and it would announce ‘significant investment in the coming days’.
On Friday, Monarch chief executive Andrew Swaffield said he was ‘excited about the additional capital’ and ‘delighted’ to agree the deal with the CAA.
"Monarch has successfully concluded discussions with the Civil Aviation Authority (CAA) to extend its ATOL licence, for which it thanks the CAA," said the airline’s statement.
"Monarch continues to fly and looks forward to welcoming customers on board."
Swaffied added: "I am delighted that we have been able to come to an agreement with the CAA on the extension of Monarch’s ATOL licence and am excited about the additional capital coming into the group which will help us fund our future growth.
"I am immensely proud of the professionalism of the Monarch team."
Graham McKenzie
Graham has demonstrable history of working in the leisure, travel & tourism industry. 20 years leading one of the worlds leading online B2B travel publishers TravelMole , non-executive director of UK's leading Travel Brand agency designate.com. Strong professional with a BSc (Econ) focussed on Economics from London School of Economics and Political Science.
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Qatar Airways offers flexible payment options for European travellers
Airlines suspend Madagascar services following unrest and army revolt
Phocuswright reveals the world's largest travel markets in volume in 2025
Digital Travel Reporter of the Mirror totally seduced by HotelPlanner AI Travel Agent
Strike action set to cause travel chaos at Brussels airports