Airline and Operator Monarch Gets Life-Saving Investment From Major Stakeholder
Skift Take
Monarch’s immediate future may have been secure but its already fragile reputation has taken another hit. The proof of its viability as an airline and tour operator will be when it starts to produce profits on a regular basis.
UK airline and tour operator Monarch has been brought back from the brink thanks to a $202 million (£165 million) investment from its majority shareholder.
The company claims the injection from Greybull Capital is the biggest in its 48-year history.
The funding has satisfied regulators at the UK’s Civil Aviation Authority who
