Sympathy for those impacted as Monarch enters administration
The announcement today that Monarch Airlines has stopped trading and its future bookings of 300,000 flights and holidays have been cancelled has been greeted with sadness across the aviation industry. It will doubtless cause much trouble for the many thousands of holidaymakers who are either on holiday or have bookings for the near future.
While the Civil Aviation Authority manages the biggest peacetime repatriation of 110,000 people the industry will have some unravelling to do, in order to set itself up for the future. Monarch, with its base at Luton Airport was established in 1968, employs about 2,700 staff, mostly in the UK and was flying about 5m per year to destinations across the globe.
Meanwhile, Monarch Aircraft Engineering, a joint venture with Boeing delivering aircraft engineering services, continues to trade and is operating as normal. It announced on Friday that it had secured a deal with Virgin Atlantic to provide maintenance for their 787-9 fleet.
The Aviation team at Austin Fraser were sad to hear the news this morning, we have worked with Monarch and its employees for a number of years, and we wish all those involved all the best for the future. In the short-term we hope the impact to holiday-makers is minimised and the actions of the CAA this morning seem clearly set out to aim to reduce the pain. The longer-term impact on the aviation industry as a whole and specifically the employees of the company will be significant and we wish them all the best as they seek out new jobs and opportunities.
Our Aviation consultant, Josh Fox, will be at the Holiday Inn Express in Luton, London on Wednesday 4th October from 9am-5pm to provide career advice, interview tips and industry knowledge to flight deck and cabin crew in need of assistance. Get in touch with him here: [email protected], +44(0)1189520152