Olympic Holidays and Monarch settle court battle
Olympic Holidays and Monarch Airlines have come to an undisclosed settlement and agreed to work together again following a court battle over contract changes.
Olympic Holidays began legal action against Monarch Airlines last October, claiming it had been overcharged for taxes, insurance and passenger fees over a period of six years from 2004.
But today Olympic Holidays and Monarch Airlines confirmed that they had settled their differences on confidential terms and have agreed to resume the commercial relationship that they previously had for some 13 years and which ‘both recognise was mutually positive and beneficial’.
A spokesman said: "Since confidential terms have been agreed, there will not be any additional detail from either company, but I am sure you can see that the tone of the statement is very positive."
The operator had accused Monarch of making money out of a change in its contract for seats by introducing a fixed fee for a number of charges separate to the agreed price per seat.
During the court case Mr Browne-Wilkinson, representing Olympic’s parent company Travelworld, said the claim had four parts, one of which related to public liability insurance and amounted to £4.5 million plus interest.
He suggested Monarch would claim that Olympic’s case was ‘materially misleading’ as the company must have known about the change to the terms of the contract.
Diane
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 
TAP Air Portugal to operate 29 flights due to strike on December 11
Qatar Airways offers flexible payment options for European travellers
Airlines suspend Madagascar services following unrest and army revolt
Strike action set to cause travel chaos at Brussels airports
Digital Travel Reporter of the Mirror totally seduced by HotelPlanner AI Travel Agent