British Airline 'Monarch' Collapses Operation, Triggers Largest Peacetime Repatriation

News World India | 0
| October 2 , 2017 , 15:52 IST

Britain's largest airline Monarch has collapsed its operation starting this Monday, cancelling 300,000 of its future bookings and leaving thousands of its travellers stranded abroad.

The incident has triggered the country's largest peacetime repatriation effort as the Civil Aviation Authority (CAA) has chartered over 30 aircraft to bring back the stranded overseas.

Monarch airline went into administration after the CAA rejected to renew its Air Travel Organiser's Licence. The airline officially confirmed the cease of Monarch Airlines Ltd along with Monarch Holidays Ltd, First Aviation Ltd, Avro Ltd and Somewhere2stay Ltd, its extensions in aviation and tourism.

Monarch Chief Executive Andrew Swaffield, in a message to all his employees, said, "I am so sorry that thousands now face a cancelled holiday or trip, possible delays getting home and huge inconvenience as a result of our failure."

ALSO READ: Subsidised LPG Hiked By Rs 1.50 Per Cylinder, Jet Fuel By 6%

Local news reported the CAA chief executive Andrew Haines assuring support saying, "We know that Monarch’s decision to stop trading will be very distressing for all of its customers and employees. This is the biggest UK airline ever to cease trading, so the government has asked the CAA to support Monarch customers currently abroad to get back to the UK at the end of their holiday at no extra cost to them."

“We are putting together, at very short notice and for a period of two weeks, what is effectively one of the UK’s largest airlines to manage this task," he said.

Monarch Chief Executive also said that the company is doing everything possible to help minimise the disruption. Nevertheless, this will cause problems and many suppliers will hugely suffer over this insolvency."

Meanwhile, reports say that low-cost Hungarian carrier Wizz Air has offered to fly all the Monarch passengers stranded outside for a mere price of 119 pounds (equivalent to $155).