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Airlines

Name: MONARCH AIRLINES
7JetSet7 Code: MON
Status: Operational
Region: EUROPE
City: LUTON
Country: ENGLAND
Employees 3000
Web: monarch.co.uk
Email: general.enquiries@monarch-airlines.com
Telephone: +44 8719 40 50 40
Fax: +44 1582 411 000
Sita: LTNAPZB
Background
(definitions)

Click below for data links:
MON-2002-RANKINGS
MON-2003-LEIPAX-STATS
MON-2005-05-A
MON-2005-05-RANK-A
MON-2005-05-RANK-B
MON-2005-05-RANK-C
MON-2005-05-RANK-D
MON-2005-08-A
MON-2005-TOP LCC
MON-2006-01-A
MON-2011-03-FLEET STATUS
MON-2012-09 - EAST MIDLANDS OPS
MON-2012-10-MRO-A
MON-2012-10-MRO-B
MON-2012-10-MRO-C
MON-2012-10-MRO-D
MON-2012-10-MRO-E
MON-2012-12 - BIRMINGHAM MAINTENANCE MRO
MON-2013-03 - 1ST A320 WITH SHARKLETS
MON-2013-04 - UPDATE
MON-2013-09 - NEW MRO HANGAR
MON-2014-01-MAEL BIRMINGHAM-A
MON-2014-01-MAEL BIRMINGHAM-B
MON-2014-04-UPDATE
MON-2014-05-DESTINATIONS SERVED
MON-2014-05-SEASONAL PASSENGERS
MON-2014-05-SEVEN MILLION PASSENGERS
MON-2015-12 - Luton to Eilat Ovda.jpg
MON-2017-05 - 20 yrs LTN to GIB.jpg
MON-2017-06 - Airline Routes.jpg
MON-CABIN ATTENDANTS-40TH-2008-04
MON-LOGO - 2012-03
MON-MAINTENANCE MRO - 2012-03
MON-MAP
MON-TAIL LOGO-FLY KANDI

FORMED IN 1967 AND STARTED OPERATIONS IN 1968. INTERNATIONAL, SCHEDULED AND CHARTER, PASSENGER, JET AIRPLANE SERVICES.

ADDRESS:
PROSPECT HOUSE, PROSPECT WAY
LONDON LUTON AIRPORT
LUTON, BEDFORDSHIRE LU2 9NU, ENGLAND, UNITED KINGDOM

Great Britain (United Kingdom of Great Britain & Northern Ireland) was established in 1066, it covers an area of 242,432 sq km, its population is 59 million, its capital city is London and its official language is English.

DECEMBER 1995: TO ALICANTE, MALAGA, MINORCA, TENERIFE, AND PALMA. CHARTERS TO THE CARIBBEAN, EUROPE, EAST AFRICA, EGYPT, ASIA-PACIFIC AND FLORIDA.

1 757-200 (RB211-535E4) TO DINAR. 1 757-2T7 (22781) 3 YEAR LEASED TO AIR HOLLAND (HOL) (1ST WET-LEASE).

MARCH 1996: 1 DC-10-30 (48266), EX-AIR ZIMBABWE (ZMB), MAINTENANCE AT MONARCH (MON) MANCHESTER HANGAR. 1 737-300 (24462), EX-AIR EUROPA (ARE), 13 MONTH LEASED.

APRIL 1996: CONTRACT MAINTENANCE FOR LEISURE INTERNATIONAL (UKL), 3 A320'S, & VIRGIN ATLANTIC AIRWAYS (VAA) 1 A320.

MICK ADAMS, REPLACES PAUL BROOKER, AS BASE MAINTENANCE MANAGER. JOHN GIBSON RESIGNS DUE TO ILL HEALTH (FLORED MENIERE'S SYNDROME), AS ENGINEERING DIRECTOR.

1 A320-200 (CFM56-A3), EX-CANADA 3000 (ATW).

MAY 1996: NORMAN CREVEUL, NEW ENGINEERING DIRECTOR.

2,200 EMPLOYEES (INCLUDING 280 FLIGHT CREW (FC) & 800 MAINTENANCE TECHNICIANS (MT).

1 A320-200 (CFM56-5A3), EX-SKYSERVICE (SKB).

AUGUST 1996: KEVIN ROSS, ENGINEERING MANAGER.

SEPTEMBER 1996: (LTS) 757 "C" CHECK MAINTENANCE CONTRACT (1ST 10/96).

OCTOBER 1996: NEXT MAY, TO GIBRALTA, MALAGA, ALICANTE (A320).

NOVEMBER 1996: 7 YEAR MAINTENANCE CONTRACT FOR FLYING COLOR'S (FLN) 4 757'S.

RETURNED 757-28A (NA446) TO (ILF).

MARCH 1997: 2 ORDERS (1999-04) A321-200'S (IAE), & 2 ORDERS (1997-04)
A330-200'S (RR) (1ST UK AIRLINE TO ORDER A330).

APRIL 1997: 1 A321-200 DELIVERY (633) (V2500), ILFC (ILF) 3 YEAR LEASED. 1 737-3YO (24462) RETURNED TO (ILF).

MAY 1997: BRITISH AIRWAYS (BAB) 757 "4C" & MODIFICATION PROGRAM. NO MORE 737'S IN FLEET. 1 A320-200 (CFM56-5A3), EX-SKYSERVICE (SKB).

JUNE 1997: 2 737-200'S (PJ110; PJ111), EX-EUROJET AIRLINE (EJT), OPERATED BY VIRGIN EXPRESS (EBA) UNDER AIR FOYLE (FOY) AIR OPERATORS CERTIFICATE (AOC), MAINTAINED BY MONARCH AIRLINES (MON). NEW A321 HAS 220 PASSENGERS (PAX) FOR ROUTE TO CANARY ISLANDS, & CYPRUS, IN SUMMER, FROM BIRMINGHAM.

AUGUST 1997: 1 L-1011-1 (1051) AIR ATLANTA ICELANDIC (AID) 5 MONTH WET-LEASED.

OCTOBER 1997: 2,382 EMPLOYEES.

757 138 MINUTES (ETOPS) FLIGHTS/MONTH: 218 NORTH/MID ATLANTIC, & 10 INDIAN OCEAN, INDONESIA & AFRICA.

2 A320-212'S (379; 389) LEASED TO SKYSERVICE (SKB).

DECEMBER 1997: AIRTOURS INTERNATIONAL (GUE) MAINTENANCE CONTRACT FOR 3 757-200 "C" CHECKS, & STRUT MODIFICATIONS, + CORROSION PREVENTION & CONTROL PROGRAM (CPCP).

FEBRUARY 1998: MAINTENANCE CONTRACT FOR 2 (TUE) 757 "C" CHECKS.

APRIL 1998: LONDON LUTON - GIBRALTER.

1,575 EMPLOYEES.

2 A320-212'S (379; 389) RETURNED FROM SKYSERVICE (SKB).

MAY 1998: TO WET-LEASE FROM WORLD AIRWAYS (WLD) MD-11 (539-48519), 409 PASSENGERS (PAX), FOR MANCHESTER - BELFAST - SANFORD, FLORIDA - MANCHESTER - BELFAST, & MANCHESTER - LAS VEGAS.

JULY 1998: (ETOPS) 138 MINUTES FLIGHT/MONTH (TOTAL): 6 757'S = 16 (6,317) OVER ATLANTIC, 10 (469) AFRICA, INDIAN OCEAN, INDONESIA.

SEPTEMBER 1998: CANCELS MAINTENANCE CONTRACT WITH EASYJET (EZY).

OCTOBER 1998: 6 757'S EXTENDED TWIN-ENGINE OPERATIONS (ETOPS) 138 MINUTES FLIGHTS/MONTH (TOTAL FLIGHTS) = NORTH/MID ATLANTIC 16 (6,369); INDIAN OCEAN, AFRICA, INDONESIA 8 (495).

NOVEMBER 1998: 757-200 "C" CHECK MAINTENANCE CONTRACT WITH
CONTINENTAL AIRLINES (CAL), MEANS 2 757'S/MONTH EACH MONTH,
UNTIL 2003.

A320-212 (389) LEASED TO SKYSERVICE (SKB) FOR WINTER SEASON.

MARCH 1999: DANNY BERNSTEIN, MANAGING DIRECTOR IS ON LIMITED
WORK SCHEDULE, FOLLOWING A HEART BYPASS OPERATION.

40 MILLION POUND, 6 YEAR CONTRACT FOR MAINTENANCE OF AIR 2000 (ATZ) 13 757'S, 3 767-300'S, 4 A320'S, & 5 A321'S.

1 ORDER (2000-01) A321-232, SALE (SIL) 3 YEAR LEASED (V2533-A5). 1 A321-200 (V2533-A5), & 1 A330-200 (TRENT 700) DELIVERIES.

APRIL 1999: 2,500 EMPLOYEES (INCLUDING 320 FLIGHT CREW (FC), 1,100 CABIN ATTENDANTS (CA), & 800 MAINTENANCE TECHNICIANS (MT)).

(http;//www.monarch-airlines.com). SITA: LTNOOZB.

757-2T7 (22781, PH-APO), RETURNED FROM AIR HOLLAND (HOL). A320-212 (279, G-MONY) RETURNED TO LESSOR.

MAY 1999: 2 A320-212'S (389, 446) RETURNED FROM SKYSERVICE (SKB). 2 A330-243'S DELIVERIES (265, G-EOMA). A321-231 (1015, G-OJEG) DELIVERY.

SEPTEMBER 1999: MONARCH AIRCRAFT ENGINEERING: CONTACT: THEODORE DOUNIAS, MAINTENANCE SALES DIRECTOR (enquire@maelbox.com). MAINTENANCE HANGARS FOR 5 WIDE BODIES, 8 NARROW BODY AIRPLANES; "A" - "D" CHECKS FOR 737-200/-300/-400'S, 757'S, 767'S, A300'S, & A320/321'S; INCLUDING AVIONICS UPGRADES, COMPOSITE REPAIRS, INTERIORS, SHEET METAL WORK, STRIP/PAINT, & CORROSION PREVENTION & CONTROL PROGRAM (CPCP).

NOVEMBER 1999: A320-212 (446) LEASED TO SKYSERVICE (SKB).

DECEMBER 1999: 1 757-200 (RB211-535E4) (24104) WET-LEASED TO SPANAIR (SPP), UNTIL APRIL 2000. A320-212 (389, G-OZBB) LEASED TO AIRTOURS INTERNATIONAL (GUE).

JANUARY 2000: MAINTENANCE CONTRACT, 4 YEARS FOR "C" MAINTENANCE CHECKS OF BRITISH MEDITERRANEAN (BMR) 3 A320'S.

1 A321-200 (633) (V2533-A5) RETURNED TO (ILF), LEASED TO DRAGONAIR (DRG). 757-200 (RB211-535E4) (24106) LEASED TO DINAR (DIR).

FEBRUARY 2000: 1 ORDER A321-231 (1202, G-OZBD) SALE (SIL) LEASED.

MARCH 2000: MAINTENANCE CONTRACT FOR "C" CHECKS ON 2 A330-243'S TO SR TECHNICS (SWS).

APRIL 2000: 2,000 EMPLOYEES (INCLUDING 170 FLIGHT CREW (FC), 1,000 CABIN ATTENDANTS (CA), & 300 MAINTENANCE TECHNICIANS (MT)).

SITA: LTNAPZB.

(webmaster@monarch-airlines.com).

1 L-1011-1 (1051), AIR ATLANTA ICELANDIC (AID) WET-LEASED, UNTIL NOVEMBER 2000. 757-2T7 (23770, G-DAJB), WET-LEASED TO SPANAIR (SPP), REPLACES 24104. A321-200 DELIVERY.

JULY 2000: 1999 = +$24.9 MILLION (+$16.5 MILLION) (NET PROFIT): 13.51 BILLION (RPK) PASSENGER TRAFFIC (+7.4%); 6.3 MILLION (FTK) FREIGHT TRAFFIC (-38.2%); 4.82 MILLION PASSENGERS (PAX) (+5.3%); 2,400 EMPLOYEES (+34.8%).

FARNBOROUGH AIRSHOW ANNOUNCEMENT OF +5 ORDERS A321'S.

SEPTEMBER 2000: MS JULIE PHILPOTT, ENGINEERING MANAGER.

DECEMBER 2000: 1 A320-212 (446) LEASED TO SKYSERVICE (SKB). 2 A320-212'S (379, G-MPCD; 389, OZBB), WET-LEASED TO CANADA 3000 (ATW).

FEBRUARY 2001: CURRENTLY OPERATING 757-200 (G-MONE), ON BEHALF OF RENAISSANCE CRUISES.

MARCH 2001: 1 737-3YO (23685) & 1 737-33A (24028) LEASED TO EUROPE AIRPOST (EUE) UNTIL APRIL 2002.

APRIL 2001: 2,000 EMPLOYEES (INCLUDING 170 FLIGHT CREW (FC), 1,000 CABIN ATTENDANTS (CA), & 300 MAINTENANCE TECHNICIANS (MT)).

CHARTER FLIGHTS TO ORLANDO (A330, 374 PAX).

757-2T7 (23293, G-MONE) RETURNED FROM RENAISSANCE CRUISE OPERATIONS (RENAISSANCE WENT BANKRUPT).

AUGUST 2001: IN MAY, LONDON GATWICK (LGW) TO HAVANA, CUBA.

NOVEMBER 2001: A320-212 (446) RETURNED TO (ILF). DC-10-30 (48266) RETURNED TO SKY LEASING.

DECEMBER 2001: 1 757-2T7 (24105, G-MONK), WET-LEASED TO DINAR (DIR).

JANUARY 2002: LONDON (LUTON)/MANCHESTER - FARO FOR SUMMER SEASON.

MARCH 2002: (webmaster@monarch-airlines.com). SITA: LTNAPZB.

DANNY BERNSTEIN, MANAGING DIRECTOR, WILL STEP DOWN EFFECTIVE JULY AFTER TURNING 60 YEARS OLD. HE WILL TAKE ON THE ROLE OF NON-EXECUTIVE CHAIRMAN, AND BE REPLACED BY PETER BROWN.

LAUNCHES NEW LIVERY WITH INDIGO AND BRIGHT YELLOW REPLACING THE OLD BLACK AND GOLD.

APRIL 2002: 3,000 EMPLOYEES (INCLUDING 330 FLIGHT CREW (FC); 1,250 CABIN ATTENDANTS (CA); & 1,000 MAINTENANCE TECHNICIANS (MT)).

MAIN BASE: LONDON LUTON (LTN).

HUBS: LONDON GATWICK (LGW); MANCHESTER (MAN); & BIRMINGHAM INTERNATIONAL (BHX).

June 2002: 1 A321-231 (1763, G-OZBF) delivery.

July 2002: London Gatwick (LGW) - Barbados - Port of Spain (A330-200, weekly).

September 2002: 757-2T7 (23770), wet-leased to Islandsflug (ISF).

October 2002: In May, Manchester - Palm de Mallorca (scheduled).

November 2002: 757-2YO (26151, EI-MON), returned to GECAS (GEF). 1 A320-212 (389), wet-leased to new start-up, charter operator called "ZOOM Airlines" (ZOM), Ottawa.

December 2002: In May, London Gatwick (LGW) to St Kitts (Tobago) (weekly). Also, will offer "Monarch Scheduled" service from (LGW) to Alicante, Faro, and Malaga.

January 2003: In May, London (LGW) - Alicante/Malaga/Faro (3/week).

February 2003: UK - Malta on behalf of tour operator, Bargain Holidays.

A330-243 (427, G-OJMB), Thomas Cook (JMA) wet-leased.

April 2003: 1,660 employees.

A320-212 (389, G-OZBB) returned from Zoom (ZOM).

August 2003: In November, Manchester - Barcelona/Tenerife (A320, daily). Manchester - Gibralter (A320, 3/week).

September 2003: 2002 = +$100,000 (+$7.1 Million): 11.86 Billion (RPK) (-8.5%); -6.2% (ASK); 87.5% LF (-2.2); 4.6 Million PAX (-3.4%); 7 Million (FTK) (-16%); 1,900 employees (+11.4%).

2002 TOP WORLD AIRLINES TRAFFIC (RPK) (BILLION):
46 (THY) 16.59; 47 (ATZ) 16.30; 48 (LTU) 16.10; 49 (JAA) 15.90; 50 (HAP) 14.40; 51 (JMA) 13.97; 52 (PAL) 13.52; 53 (AMX) 13.31; 54 (AIN) 13.25; 55 (FIN) 12.79; 56 (BER) 12.73; 57 (ELA) 12.54; 58 (TPR) 12.08; 59 (MON) 11.86; 60 (GUL) 11.84; 61 (CMA) 11.74; 62 (COR) 11.47; 63 (TAP) 11.38; 64 (LAN) 11.14.

November 2003: Manchester to Barcelona & Tenerife (daily) & to Gibralter (3/week) (A320, 180 PAX).

April 2004: 1,900 employees (including 340 FC, & 1,240 CA).

June 2004: A321-231 (2234, G-OZBI) delivery.

July 2004: 2003 = 11.92B RPK (+.9%); 86.2% LF; 4.61M PAX (+1.8%); 605K FTK (+41.7%).

August 2004: In 11/04, London Luton - Las Palmas, Lanzarote (scheduled, weekly).

November 2004: Introduces 2 A300's with Premium class cabins, with 50C, 297Y configuration.

December 2004: In 4/05, will establish a base at Birmingham. Birmingham - Alicante, Faro, Malaga, & Tenerife Sur; Manchester - Almeria, Madrid, Naples, & Split. London Gatwick (LGW) - Lisbon, & Granada.

February 2005: A320-212 (446), ex-Volare (VLR), AWAS (AWW) leased.

March 2005: 2 A320-214's (1081 G-MRJK; 1370, G-OZBK), ex-Dutchbird (DUT), B Ae Systems leased.

May 2005: 767-31KER (28865, G-DIMB), MyTravel Airways (GUE) leased, delivery.

August 2005: In 3/06, Manchester - Menorca (3/week).

October 2005: Monarch Airlines (MON) is scheduled to start a daily service from Blackpool Airport to Malaga on November 3.

INCDT: An (MON) A321 operating flight ZB752 from Manchester to Malaga was forced to make an emergency landing at London's Gatwick Airport on Saturday following a problem with its pressurization. Oxygen masks were deployed as the airplane made a rapid descent. The A321 landed safely around 1030. An (MON) 757-200 operating flight ZB573 from Malaga to Manchester suffered an engine surge on takeoff on Wednesday. The engine was shutdown and the airplane returned to Malaga for an emergency landing around 1345.

December 2005: Monarch Airlines (MON) will increase the frequency of service from London Gatwick to Lisbon from 7 to 10 flights a week on May 1st. Besides the daily service, the airline will operate a 2nd flight on Mondays, Wednesdays & Fridays. All flights use A320s.

January 2006: Monarch Airlines (MON) said it posted a "record-breaking" 2005, flying more than 2.6 million passengers compared with 1.9 million in 2004. The low-cost/charter carrier opened a new base in Birmingham last year and introduced a host of new routes - - London Gatwick to Lisbon and Granada, Manchester to Almeria, Birmingham to Alicante, Faro, Malaga and Tenerife, and to Malaga from Blackpool, Aberdeen and Newquay. It acquired four new airplanes - - three A320s and a 767. Passenger traffic for December was up +18.15% to 148,968 passengers. This summer, Monarch (MON) will increase capacity on a number of its most popular routes and introduce six new ones: From Birmingham to Almeria, Menorca, Murcia and Palma, from Luton to Palma and from Manchester to Menorca.

February 2006: Monarch Airlines (MON) will end service on the Newquay to Malaga route on April 30th. The airline is blaming a £5 fee per departing passenger levied by Cornwall County Council. Currently, Monarch (MON) operates 3 flights a week, on Tuesdays, Thuusdays, & Sundays, with an A320. Monarch (MON) will inaugurate nonstop service from London Gatwick to Tenerife on October 29th. The airline will operate 3 flights a week. On the same date, Monarch (MON) will inaugurate nonstop service from Manchester to Lanzarote with 2 flights a week.

March 2006: Monarch Airlines (MON) will inaugurate nonstop service from London Gatwick to Lanzarote in early May. The airline will operate 2 flights a week on Mondays, Thursdays. Monarch Airlines (MON) will inaugurate nonstop service from Birmingham to Lanzarote in early May. The airline will operate 1 flight a week on Thursdays.

April 2006: Monarch Airlines (MON) placed a complete fleet order with CTT Systems for 27 Zonal Drying Systems to be installed on its A300s, A320s, A321s, A330s, 757s and 767s.

May 2006: Monarch Airlines (MON) will discontinue service from Manchester to Gibraltar on July 19th. The airline currently operates 4 flights a week on the route using an A320. Monarch Airlines (MON) will inaugurate nonstop service from London's Luton Airport to Almeria on May 3rd. The airline will operate 4 flights a week, on Mondays, Thursdays, Saturdays, & Sundays, more than likely using A320 family airplanes. Monarch (MON) will inaugurate nonstop service from London's Luton Airport to Ibiza on May 24th. The airline will operate 5 flights a week, daily except Tuesdays & Wednesdays, more than likely using A320 family airplanes.
Monarch (MON) will also increase frequency on a number of routes at London's Luton Airport for the summer 2007 season (compared to the summer 2006 season) as follows to:
Faro = from 5 to 7 flights a week;
Malaga = from 7 to 13 flights a week;
Palma = from 1 to 9 flights a week.

June 2006: 1,777 employees.

August 2006: Monarch Airlines (MON) placed an order for six 787-8s with purchase rights on an additional four. The order is worth $916 million at list prices. The UK airline said the Dreamliners will form the core of its future long-haul fleet, which currently comprises A330s, A300s and 767s. The 787s are scheduled for delivery from the end of 2010 though 2013. "Operating successfully in the leisure market requires flexible and innovative products. With the 787's longer-range capabilities, we will be opening up new destinations in the Americas, Asia and Africa," CEO, Peter Brown said. Monarch, headquartered at Luton, currently operates a fleet of 28 airplanes (20 Airbus and eight Boeing) serving more than 100 destinations. Services are split between scheduled and charter flights, with the airline carrying more than 6 million passengers annually.

September 2006: Monarch (MON) will inaugurate seasonal summer nonstop charter service from Manston to Norfolk, Virginia on May 3rd, operating a weekly flight on Wednesdays using a 767-300.

October 2006: Rolls-Royce announced that Monarch Airlines (MON) selected the (Trent 1000) to power its order for six firm 787s scheduled for delivery from 2010. The deal includes four purchase rights and a lifetime TotalCare service agreement and is worth $1 billion at list prices.

January 2007: Monarch Airlines (MON) carried more than >3.2 million scheduled passengers in 2006, a +24% increase over 2005, when the UK-based Low Cost Carrier (LCC) carried 2.6 million. The figures exclude charter activity and represent earned seats flown on scheduled services to Spain, Gibraltar, Portugal and Cyprus from Aberdeen, Birmingham (BHX), London Gatwick (LGW), London Luton (LTN), and Manchester (MAN). Monarch (MON) will increase capacity on a number of popular services and launch eight new routes in 2007: To Ibiza from (LGW), (LTN), (BHX) and (MAN), (LGW) - Murcia, (LTN) - Almeria, (LTN) - Larnaca, and (MAN) - Jerez. It also plans to expand to the eastern Mediterranean with flights to Cyprus.

Monarch Airlines (MON) promoted Tim Jeans to Managing Director and a place on the company's board. Former easyJet (EZY) Director Business Development, Liz Savage will succeed Jeans as Managing Director of the Scheduled Service Division as well as taking over as Managing Director of flymonarch.com.

February 2007: Monarch Airlines (MON) outsourced its ULD control to Unitpool.

May 2007: Starts London Gatwick (LGW) - Murcia, using 757-200s; Manston - Norfolk, using 767-300s; (LGW) - Murcia, (LGW) - Ibiza, and London Luton (LTN) - Almeria, - Ibiza, using A320s; Birmingham - Ibiza, using A321s.

January 2008: Monarch Airlines (MON) carried 3.7 million passengers on its scheduled services last year, a +15.8% increase over 2006. The launch of eight new routes contributed to the surge, the airline said, noting it will continue its eastern Mediterranean expansion, and will launch a new Manchester - Murcia service next month.

February 2008: A321-231 (1794, G-OZBR), ex-Spirit Airlines (APR), AerCap (DEA) leased.

April 2008: Monarch (MON) operates scheduled flights to Spain, Gibraltar, Portugal and Cyprus from Birmingham, London Gatwick, London Luton, and Manchester airports and was named as "Leisure Airline of the Year" in recent Travel Industry Awards for the second year in succession.

May 2008: Monarch (MON) and music lifestyle brand "Hed Kandi" have cemented their "2008 FlyKandi" partnership with the launch of a fully branded 757 airplane. Designed by Hed Kandi’s iconic illustrator, Jason Brooks, and inspired by Monarch (MON)’s 40th anniversary celebrations this year, Monarch (MON)’s FlyKandi airplane features a stunning retro designed tail fin, complete with a Hed Kandi styled girl in a retro cabin crew uniform. Commenting on the FlyKandi partnership and airplane, Head of Public Relations (PR) & Communications, Jo Robertson said, “Monarch (MON)’s award winning partnership with Hed Kandi in 2007 captured the hearts and minds of our customers and staff alike and we are delighted to once again be working with them to launch FlyKandi in the skies. In addition to FlyKandi events in the UK and Ibiza this Summer, it is planned to spread its wings further and expand FlyKandi with Monarch (MON) themed events into other Monarch destinations throughout Spain and the Spanish Islands. Arriving in style at one's holiday destination on board Monarch (MON)’s FlyKandi airplane is also the ultimate way to start one's holiday and once again confirms our status as the most fashionably chic and glamorous way to travel this summer.”

Monarch (MON)’s new Hed Kandi airplane will be taking to the skies across Europe throughout the Summer months and will making an appearance in Ibiza as well as the new FlyKandi territories including Barcelona, Puerto Banus (via Malaga), Tenerife, and Mallorca - all of which are destinations with established Hed Kandi club residencies. Flights are available to book on FlyKandi.com, the website dedicated to providing clubbers with all of the essential information needed to plan and book a trip to one's favourite holiday destinations.

October 2008: London Luton plans to invest £2 million/$3.5 million in improvements, including upgrades of bus stops, the main terminal roundabout, drop-off zone facilities and a short-term car park. Work began this month and is expected to be completed next spring. Luton currently serves 10 million passengers per year.

November 2008: The UK Competition Commission concluded that airports operator, the British Airports Authority (BAA) should be allowed to increase charges at London Stansted (STN) in the five-year period, starting next April 1, albeit at a lower rate than it proposed. In its report to the (CAA), the Commission recommended an increase in the maximum level of charges at (STN) to £6.56/$10.57 per passenger in 2009 to 2010, +3.5% higher than projected 2008 to 2009 charges of £6.34. The charges then would increase by no more than the retail price index inflation plus +1.75% each year, reaching a maximum of £7.05 per passenger in 2013 to 2014.

However, the Commission did not agree with Ryanair (RYR)'s accusation of excessive pricing and said that the (BAA)'s conduct regarding airport charges in 2008 through 2009, was not contrary to the public's interest. It did say that (STN) "pursued a course of conduct which has operated against the public interest in three respects in the period February 2002 to April 2008" by failing to consult adequately with airlines on the development of the airport and its capital expenditure plans, by failing to manage as effectively as possible the security queuing process, and by failing to offer appropriate landing charges for larger cargo airplanes.

It therefore recommended that the (CAA) require the (BAA) to improve the consultation process, introduce a service quality rebate scheme similar to those at London Heathrow (LHR) and London Gatwick (LGW) and offer off-peak discounts on landing charges for the largest cargo airplanes. The (CAA) said it will consider the recommendations before carrying out a further round of consultation and announcing its final decision in March.

April 2009: The British Air Transport Association (BATA) named former Virgin Atlantic Airways (VAA) Director External Affairs & Route Development, Barry Humphries as Chairman, effective May 1, succeeding Monarch Airlines (MON) Chairman, Danny Bernstein. (BATA) has 10 member airlines.

June 2009: Flight Attendants (CA) at Monarch (MON), England's third largest tour operator, are threatening to strike next month. This is when Europe's tour operators generally make most of their money. The union Unite is demanding a pay raise but says it is willing to defer it until the economic downturn eases.

August 2009: Monarch (MON) Aircraft Engineering signed a five-year contract with Wizz Air Ukraine (WZZ) to provide A320 line and light maintenance services in the Ukraine.

Monarch (MON) Aircraft Engineering reached agreement with Oy Air Finland to provide line maintenance technical handling at Manchester International with daily checks and unscheduled maintenance for an Oy Air 757.

October 2009: Monarch Airlines (MON) launched service to Gran Canaria from Birmingham (BHX) (weekly), London Gatwick (LGW) and Manchester (MAN) (each 1 to 2 times weekly) and to Fuerteventura from (BHX), (LGW) and London Luton (weekly) and (MAN) (1 to 2 times weekly).

July 2010: Monarch Airlines (MON) launched three times weekly A321-200/757-200 service from London Gatwick to Palma de Mallorca on July 17.

August 2010: Monarch Airlines (MON) carried 468,582 passengers in July, a +5.44% increase year-over-year. Its load factor jumped +3.3 points to 90.9% LF.

Monarch (MON) Aircraft Engineering signed a line maintenance technical handling agreement with Air Finland (AFL) covering support services at London Gatwick, Luton, Birmingham, and Manchester.

Monarch (MON) Aircraft Engineering signed a long-term heavy maintenance agreement with Titan Airways (TIU) to support the carrier's 757-200s and 767-300ERs at London Luton and Manchester. One (TIU) 757-200 has successfully undergone a "3C" maintenance check at London Luton, Monarch (MON) said.

September 2010: Monarch Airlines (MON) carried 484,594 passengers in August, a +4.98% increase year-over-year. Its load factor jumped +3.6 points to 93.9% LF.

January 2011: Sunny Fort Myers, Florida, USA has new non-stops to Europe. Low frequency service to the Danish cities Copenhagen and Aalborg will begin in June using two-class A330s crammed with 358 seats. Flights are marketed by the tour operator Comefly, but will be operated by Monarch Airlines (MON). The only other non-stop European destination from Fort Myers is Dusseldorf, flown by Air Berlin (BER).

The British Airline Pilots’ Association (BALPA) scored a victory by winning a vote to represent pilots (FC) at Jet2.com (JT2). (BALPA) now represents pilots (FC) at all major UK-based airlines, including British Airways (BAB), Virgin Atlantic (VAA), easyJet (EZY), FlyBe (BEE), Monarch Airlines (MON), and TUI (TUG)’s Thomson Airways (ATZ)/(TFY).

February 2011: Monarch Airlines (MON) will launch twice-weekly service to Paphos from London Gatwick, Birmingham, and Manchester from May 4.

May 2011: Monarch Airlines (MON) will launch twice-weekly service to Bodrum from Birmingham and London Gatwick on May 23; it already launched twice-weekly service to the destination from Manchester. It will also launch thrice-weekly, London Luton - Corfu service on May 23.

June 2011: As one of the UK's largest charter carriers, Monarch Airlines (MON) operates on routes to Africa, the Caribbean, Europe, India, and the USA, serving mainly leisure destinations. Also operates low cost carrier (LCC) scheduled services (under the Monarch Scheduled brand) from Birmingham, London Luton, London Gatwick and Manchester airports to Spain, Gibraltar, Portugal, the Canary Islands, and Cyprus.

Employees = 2,120.

(IATA) Code: ZB - 974. (ICAO) Code: MON - (Callsign - MONARCH).

Parent organization/shareholders: Globus Travel Group (via Monarch (MON) Holdings (100%).

Main Base: London Luton Airport (LTN).

Hubs: Birmingham International Airport (BHX); Manchester Airport (MAN); & London Gatwick Airport (LGW).

International, Scheduled Destinations: Alicante; Almeria; Barcelona; Faro; Gibraltar; Gran Canaria; Ibiza; Lanzarote; Larnaca; Malaga; Menorca; Murcia; Palma de Mallorca; & Tenerife.

July 2011: Monarch Airlines (MON) will launch daily, London Gatwick - Barcelona service on October 21, increasing to 11-times-weekly on October 30.

August 2011: Monarch Airlines (MON) will launch thrice-weekly, service to Sharm el Sheikh from London Gatwick and Manchester on November 30.

September 2011: The Monarch Group, parent of Monarch Airlines (MON), confirmed it has canceled its order for six 787s.

(MON) said it “reassessed its decision” to purchase the airplanes following the strategic decision “to focus as a schedule airline on strengthening and developing its short-haul network, and the delay to the delivery of the 787 from 2010.”

The group stressed, however, that the decision to terminate its 787 order did not affect Monarch (MON) Aircraft Engineering’s strategy to provide 787 Dreamliner maintenance support. “Monarch (MON) Aircraft Engineering is proud to have been awarded Boeing GoldCare approval and is committed to providing line and base capability for the 787 from early 2012 in addition to its existing support of Boeing (TBC)’s 737, 757, 767 and 777 airplanes,” (MON) said.

Monarch (MON) Aircraft Engineering signed a line maintenance technical handling agreement with Alitalia (ALI) covering its A330 operations at Male airport in the Maldives.

(MON) announced in June it would concentrate on short-haul operations and reiterated this month it would further expand into new UK bases and new routes from 2012, “whilst remaining dedicated to supporting its long standing tour operator partner needs. Further consideration will be given to developing and strengthening its long-haul options in the future.”

(MON) placed the 787 order in 2006, with deliveries scheduled to begin from 2010. Delays to the program pushed deliveries back to 2014.

(MON) operates a fleet of 30 airplanes on scheduled and charter flights from a number of UK airports to more than >50 destinations worldwide and carries more than >6.5 million sector passengers annually.

October 2011: Monarch (MON) Aircraft Engineering signed a line maintenance technical handling agreement with Rossiya Airlines (SDM). It will support (SDM)'s 767-300 airplanes.

November 2011: Monarch Airlines (MON) is launching five new routes from Birmingham Airport to Italy, Croatia, and Greece from next summer. Two A320 airplanes will help with extra demand.

Paul Kehoe, CEO of Birmingham Airport, was encouraged to see the expansion in what he called a "difficult market". He said: "With the airport's considerable investment in facilities and with plans to commit £100 million over the next 10 years, the industry is clearly impressed with the work we are doing. "We have enjoyed a long-standing relationship with (MON) and we look forward to working further with Monarch (MON) and building on our successful partnership with them to promote and launch their new routes."

(MON) has operated from Birmingham since 2005. (MON) also uses London Gatwick, London Luton and Manchester airports in the UK.

The new routes will see passengers flown to Rome, Milan, and Venice in Italy, Dubrovnik in Croatia and Heraklion in Crete.

Managing Director of Monarch, Kevin George said: "We are all very excited to be adding two additional airplanes to our Birmingham fleet and introducing our first flights to Italy and Croatia, which is fantastic news for our customers in the Midlands and cements Birmingham as one of Monarch's key UK airports."

Last month, bosses from Birmingham City Council and the airport met with senior managers from United Airlines (UAL) and the Chicago Aviation Commissioner to look at the possibility of re-introducing flights between Birmingham and Chicago.

Monarch Airlines (MON) will launch 14 routes from Manchester, Birmingham and London to Italy, Greece and Croatia next summer.

The new routes includes service from Manchester to Dubrovnik in Croatia, Milan Malpensa, Venice and Verona. (MON) will begin service from Birmingham to Dubrovnik, Heraklion, Milan, Rome and Venice.

The routes to be launched from London include flights to Dubrovnik, Heraklion, Milan and Venice from London Gatwick airport and to Rome from London Luton airport.

Monarch Aircraft Engineering has appointed Lee Burgess as Head of Sales & Capacity Planning, responsible for the acquisition and development of new business. Lee joined Monarch (MON) in 1988 and joined the management team in 2006.

(MON) lost about -$75 million in the last year, but was re-capitalized by its owners.

(MON) will add two A320 airplanes to its fleet from March 2012, which will initiate its expansion plans that (MON) said will see the fleet grow from 30 to around 40 airplanes in the medium term.

December 2011: Monarch (MON) Aircraft Engineering has extended its agreement with Titan Airways (TIU) to provide global support for the use of its Specialized Monarch (MON) Airplane On Ground (AOG) Response (SMART) team. (MON) will provide (TIU) with a team of engineers (MT), available 24/7, who can be deployed worldwide to manage any (AOG) requirements.

January 2012: Monarch Airlines (MON) is launching a wide range of new scheduled services from its UK bases to the Mediterranean:
Birmingham - Dubrovnik: 2x weekly service starting on March 25;
Birmingham - Heraklion: 2x weekly service starting on March 25;
Birmingham - Milan Malpensa: 4x weekly service starting on March 25;
Birmingham - Rome Fiumicino: 5x weekly service starting on March 25;
Birmingham - Venice Marco Polo: 4x weekly service starting on March 25;
London Gatwick - Dubrovnik: 3x weekly service starting on March 25;
London Gatwick - Heraklion: 3x weekly service starting on March 25;
London Gatwick - Milan Malpensa: 6x weekly service starting on March 25;
London Gatwick - Venice Marco Polo: 4x weekly service starting on March 25;
London Luton - Rome Fiumicino: 4x weekly service starting on March 25;
Manchester - Dubrovnik: 3x weekly service starting on March 27;
Manchester - Milan Malpensa: 4x weekly service starting on March 25;
Manchester - Venice Marco Polo: 4x weekly service starting on March 27;
Manchester - Verona: 2x weekly service starting on March 25.

Monarch had wet-leased one of its A330-200s to Garuda Indonesia (GIA) during this year’s Hajj charter season.

(MON) has cancelled its order for six 787-8s originally placed in 2006 and has announced plans to concentrate on the short haul scheduled services business. It has received another cash injection from its Switzerland based owner, Globus Travel Solutions to cover on-going losses. As part of its new strategy, it will add two ex-Air Berlin (BER) A320-200s in spring.

Monarch Airlines (MON) = 2,070 employees (400 Flight Crew (FC), 1,260 Cabin Attendants (CA), and 410 Ground & Admin Personnel.

Monarch Aircraft Engineering = 700 employees (Maintenance Technicians (MT).

April 2012: Monarch Airlines (MON) launched service to Milan from Manchester, Birmingham and London Gatwick on March 25, service to Rome from London Luton and Birmingham on March 25, service to Venice from Manchester (March 27), Birmingham (March 25) and London Gatwick (March 25), and Manchester - Verona service on May 2.

May 2012: Monarch Airlines (MON) started flying a selection of routes from Birmingham, London Gatwick and Manchester to Dubrovnik, Heraklion, Antalya, Dalaman and Verona.

(MON) has reacted to the bmibaby (BMI) closure plans by announcing a new base at East Midlands (EMA) from where it will launch new scheduled services to leisure destinations such as Alicante (ALC), Faro (FAO), Malaga Pablo Ruiz Picasso (AGP) and Palma de Mallorca Son Sant Joan (PMI) from late summer without publishing a launch date or schedules yet. It also plans to replace (BMI) on the Birmingham International (BHX) - Barcelona El Prat International (BCN) route.

(MON) will launch 2X-weekly, East Midlands service to Lanzarote and Tenerife on October 28.

A (MON) spokeswoman said it was still deliberating on the type and number of airplanes to be based at (EMA). The (EMA) base will be operational by late summer; details on airplanes and flight frequencies will be announced in the next two weeks, she said.

In a thinly veiled reference to (BMI)’s closure, (MON) Managing Director, Kevin George said: “In light of recent industry changes, opportunities have opened up in the market. It has become clear that the Midlands will be underserved as a region in the future.”

Pratt & Whitney (PRW) has a five-year agreement from Monarch Airlines (MON) for its fuel conservation program, EcoFlight Solutions. It has begun developing and implementing fuel-saving solutions for (MON)’s fleet of 32 airplanes.

Monarch (MON) Aircraft Engineering was selected by (LOT) Polish Airlines as its primary provider of airframe maintenance services for its 787 fleet. (LOT)'s first of eight 787s is slated for delivery in November.

Monarch (MON) Aircraft Engineering has extended a line maintenance technical handling agreement with Aer Lingus (ARL), covering (ARL)'s A320 fleet at its line stations in Gatwick.

July 2012: Monarch Airlines (MON) has selected Leeds Bradford airport as its sixth UK base, with two A320 airplanes to be based at the Yorkshire airport starting next March, offering non-stop flights to 12 destinations across the Mediterranean. (MON) had previously announced plans to offer flights this winter to two popular ski destinations (Grenoble and Munich).

Marketing Manager of Monarch Airlines (MON), James Massey said, “The strategy for Monarch Airlines (MON) is now firmly focused on its scheduled services and we are delighted to add Leeds Bradford as our sixth UK base. The launch of Leeds Bradford as a base for the airline has the potential to create around +200 jobs within the local area and will provide a gateway for inbound tourism with an estimated 20,000 (EU) passengers travelling from Europe to West Yorkshire.”

All of Monarch (MON)’s new summer routes are already served by at least one other carrier, with Jet2.com (JT2), Ryanair (RYR), and Thomas Cook Airlines all having a significant presence.

(MON) launched two Mediterranean routes out of Birmingham (BHX) with its A320 airplanes; both in competition with bmibaby (BMI) that is set to shut down at the beginning of September. On 20 July, Monarch (MON) launched daily flights to Nice (NCE) on the French Riviera and the following day, four weekly flights were launched to Spain’s second-largest city Barcelona (BCN). bmibaby (BMI) operates both routes with the same frequencies.

Monarch (MON) Aircraft Engineering signed an agreement with Avion Express (AVS) to provide worldwide support for its A320 fleet under its Specialized Monarch (MON) Airplane on Ground (AOG) Response Team program.

August 2012: Monarch Airlines (MON) will launch 3X-weekly, Birmingham - Gibraltar service on March 23.

easyJet (EZY) as well as Monarch Airlines (MON) and Ryanair (RYR) have been approached by the Lebanese tourism ministry planning to provide incentives for European low-cost carriers (LCC)s to launch services to Beirut Rafic Hariri International airport (BEY). Monarch (MON) and Ryanair (RYR) do not currently serve any destinations in the region, but easyJet (EZY) currently serves Amman Queen Alia International (AMM) and Tel Aviv Ben Gurion (TLV) airports.

September 2012: Since the low-cost carrier (LCC) bmibaby (BMI) is closed down, Monarch (MON) entered the East Midlands (EMA) market on 31 August with daily services to four southern European destinations, all of which used to be operated by bmibaby (BMI). Monarch (MON) now offers A320 operated flights to Alicante (ACL), Málaga (AGP) and Palma de Mallorca (PMI) airports in Spain, as well as to Faro (FAO) in the southern Portuguese region of the Algarve. Ryanair (RYR) and Jet2.com (JT2) also already serve all four cities with between four and nine weekly flights, while Thomsonfly (ATZ)/(TFY) offers between one and four weekly flights on the routes. Additionally, Alicante and Palma de Mallorca are offered by Thomas Cook (GUE)/(JMA) with one and three weekly flights, respectively. Kevin George, Managing Director of (MON), said: “As opportunities have opened up in the market, it has become clear that the Midlands will be underserved as a region in the future. As an airline with over >40 years heritage and a stronghold in the Midlands already, the launch of operations from East Midlands airport makes perfect sense for (MON), and accelerates the strategy we announced last year to focus on the development of our scheduled operations into key leisure destinations across the Mediterranean, the Canaries and North Africa.”

(MON) launched three routes to Munich (MUC) in Germany on 21 September. (MON) now serves the Bavarian airport from Birmingham (BHX), Manchester (MAN) and London Luton (LTN) using A321 airplanes. Initially, each of the routes is operated twice-weekly, but frequencies are set to increase to four times weekly at the start of the winter scheduling season. Two of the three routes face direct competition, while the London Luton route only faces indirect competition at other London Airports. Lufthansa (DLH) serves Birmingham with 19 weekly flights, while there are three airlines competing on the Manchester route; Lufthansa (DLH) with 20 flights a week, and easyJet (EZY) and Singapore Airlines (SIA) with each six weekly flights. The new routes notably launch in time for Oktoberfest, as well as the upcoming skiing season.

Monarch Airlines (MON) has cancelled its wet-lease agreement with Aurela (LSK) with immediate effect after one of (LSK)'s 737-35As (23927, LY-SKA) overran the runway at Birmingham International airport (BHX) on landing on a flight for Monarch (MON) from Nice Côte d'Azur (NCE). (MON) has wet-leased several airplanes to increase its capacity temporarily because of high demand during the summer months. It currently also uses two 737-400s from Air Explore ((IATA) Code: ED, based at Bratislava Milan Rastislav Stefánik airport (BTS)) and Air Italy (ITZ) as well as a 757-200 from Titan Airways (TIU).

October 2012: Monarch Airlines (MON) launched new services connecting two UK destinations and the Atlantic island of Madeira (FNC) on 15 October. Twice-weekly flights are now offered from Birmingham (BHX), while London Gatwick (LGW) enjoys thrice-weekly frequencies to the Portuguese island. All flights are operated using (MON)’s fleet of A320s. Thomson Airways (AFY)/(GUE) provides competition on both routes, which it serves each with weekly frequencies. In addition, (TAP) Portugal and easyJet (EZY) both serve the 2,500 km route from London Gatwick to Madeira with daily and five weekly frequencies, respectively.

(MON) continues to expand its presence in East Midlands (EMA), where it previously launched flights to a number of popular sun destinations in the Mediterranean. On 29 October, the leisure airline began operating services to Lanzarote (ACE), making the lunar-like island, the first out of the two destinations it will offer in the Canary Islands this winter season, with services to Tenerife South launching on 30 October. Flights on the 2,800 km route are offered with twice-weekly frequencies and are operated with A320s. Competition on the route comes from Ryanair (RYR) and Thomson Airways (ATZ)/(TFY), which also offer each twice-weekly flights, as well as from weekly frequencies each by Jet2.com (JT2) and Thomas Cook (JMA)/GUE).

Monarch Airlines (MON) launched flights on the 4,000 km winter sun route from Birmingham (BHX) in the UK to Sharm el-Sheikh (SSH), a popular year-round sea, sand and sun destination in Egypt, which it already serves four times a week from Manchester and with thrice-weekly flights from London Gatwick. Weekly A321-operated flights are offered on the new route, which launched on 18 October. Competition on the route comes from two other leisure airlines, Thomson Airways (ATZ)/(TFY) and Thomas Cook (GUE)/(JMA), which already operate respectively three and one flight a week.

Monarch Aircraft Engineering (MAEL) has released a Maintenance Repair & Overhaul (MRO) application for the iPhone and iPad. The app provides customers with a daily status of their airplane check performance while undergoing maintenance at (MAEL).

Monarch (MON) Aircraft Engineering (MAEL) has signed a line maintenance technical handling agreement with Lithuanian carrier Avion Express (AVS) to provide support for (AVS)’s fleet of A320 airplanes operating at London Gatwick airport.

Monarch (MON) Aircraft Engineering (MAEL) won a line maintenance technical handling agreement from Flybe (BEE), covering (BEE)’s fleet of Embraer EMB-170 & EMB-190 airplanes operating into Malaga.

November 2012: Monarch Airlines (MON) started its second route from East Midlands (EMA) to the Canary Islands on 30 October, following flights to Lanzarote, which only launched a day earlier. (MON) now also offers twice-weekly flights to Tenerife South (TFS), which will be operated with A320s. Competition on the route comes from Ryanair (RYR) and Thomson Airways (ATZ)/(TFY), which serve the route with each thrice-weekly flights, as well as from twice-weekly frequencies from both Jet2.com (JT2) and Thomas Cook (GUE)/(JMA).

(MON) will launch 2X-weekly, East Midlands - Malta service on May 7.

Monarch (MON) Aircraft Engineering (MAEL) won (EASA) part 145 approval to provide technical support to (LOT) Polish Airlines’ 787. It will perform airframe maintenance support services as well as on-board engineering support at its new line maintenance facility in Warsaw.

(MAEL) will construct a new 110,000 sq ft maintenance facility at Birmingham Airport, slated for completion by the end of 2013. It will be the first UK hangar with capacity for 787 maintenance.

December 2012: Monarch Airlines (MON) increased its seasonal winter offering from a range of airports in central and northern England, as it launched six new routes to Germany, including two to Friedrichshafen (FDH). Across the Alps, (MON) now serves the south-eastern French Alpine gateway of Grenoble (GNB) with flights from Birmingham (BHX), Leeds/Bradford (LBA), London Gatwick (LGW) and Manchester (MAN). (MON) will launch 2X-weekly, Manchester - Almeria service on May 4.

Monarch Aircraft Engineering Ltd (MAEL) to open a new Maintenance Repair & Overhaul (MRO) base at Birmingham - - SEE ATTACHED - - "MON-2012-12 - BIRMINGHAM MAINTENANCE MRO."

January 2013: Monarch Aircraft Engineering (MAEL) has begun construction on its 110,000 sq ft maintenance facility at Birmingham Airport in the UK. The hangar is due to be fully operational by the end of 2013. (MAEL) aims to use it to increase its third-party customer base.

March 2013: Monarch Airlines (MON) added a total of six new routes this month in expectation of capturing the early Easter traffic. On 23 March, (MON) added its 15th destination to its offering from Birmingham (BHX), and now connects the city to Gibraltar (GIB) with thrice-weekly frequencies. In addition, (MON) also launched a host of low-frequency summer services from Leeds/Bradford (LBA). Most of these routes face competition from both Jet2.com (JT2) and Ryanair (RYR).

Monarch Airlines (MON) is the first UK-based carrier to take delivery of an A320 equipped with sharklets, Airbus (EDS) fuel-saving wing tip devices. Sharklets are an option on new-build A320s, helping to reduce airplane emissions and fuel burn by improving the aerodynamics of the airplane.

(MON) expects to receive a second A320 with sharklets in April. Both A320s will be based at Leeds Bradford Airport, from where (MON) is scheduled to launch flights to new destinations beginning this summer.

The new A320 is part of an expansion plan announced by (MON) in November 2012 to add 45 replacement and expansion airplanes to its fleet through 2021. “Basing the new airplanes at Leeds Bradford demonstrates further commitment to (MON)’s expansion in the north and coincides with the launch of twelve new routes out of the Yorkshire airport, giving greater choice to our new customers in the area. We are also pleased to be using the new sharklet technology, which will be both more environmentally friendly and more economic as we embrace the benefits of new airplane design,” said Kevin George, Managing Director of (MON).

April 2013: SEE ATTACHED "AIRLINER WORLD" UPDATE - - "MON-2013-04 - UPDATE."

Monarch Airlines (MON), Birmingham - Barcelona, 4X-weekly increases to daily on May 1.

May 2013: Monarch Airlines (MON) expanded its seasonal summer offering from two northern English airports in the first four days of this month. Leeds/Bradford (LBA) and Manchester (MAN) saw the launch of a combined number of seven routes with most of them being launched at the former facility. All flights are operated using A320s except for the Manchester to Almería (LEI) service, for which the slightly larger A321 is deployed. Only one route is void of any competition. All (MON) flights are 2X weekly.

On May 1st, 2X weekly operations started from Leeds/Bradford (LBA) to Heraklion (HER), with competition from Jet2.com (JT2) 2X weekly, (LBA) to Rome Fiumicino (FCO), with competition from (JT2) 4X weekly; on May 2nd from (LBA) to Antalya (AYT) with no competition, on May 3rd, (LBA) to Barcelona (BCN), with competition from (JT2) and RyanAir (RYR), (LBA) to Menorca (MAH), with competition from (JT2) 2X weekly and Thomson Airways (ATZ)/(TFY) 1X weekly, on May 4th, (LBA) to Dalaman (DLM), with competition from (JT2) 2X weekly and (ATZ)/(TFY) 2X weekly; and also on May 4th, Manchester (MAN) to Almeria (LEI), with competition from Thomas Cook (GUE)/(JMA), 1X weekly and (ATZ/(TFY) 1X weekly.

Monarch Airlines (MON) commenced services on its first ever scheduled route to Malta (MLA) on May 7th, as it connected the Mediterranean destination with its East Midlands (EMA) base. Twice-weekly frequencies are offered on the 2,300 km route, which (MON) operates using A320s. In addition, (MON) also serves Alicante, Faro, Ibiza, Malaga, and Palma de Mallorca from the (EMA) base it opened last August, following the demise of bmibaby (BMI) at East Midlands.

June 2013: Monarch Airlines (MON) began 3X-weekly, Birmingham - Split and – Bordeaux.

Monarch (MON) Aircraft Engineering has signed a line-maintenance, technical-handling agreement with Sunwing Airlines (SWG). Monarch (MON) will provide support for the Canada-based Sunwing (SWG)’s Boeing 737NGs at Leeds Bradford Airport, UK.

Construction of Monarch Aircraft Engineering (MAEL)'s new facility at Birmingham Airport, UK, reached a major milestone when its hangar doors were installed. The facility, due to open in November, will be able to accommodate 2 777-300ER wide body airplanes simultaneously or up to 10 narrow body airplanes - - SEE ATTACHED - - "MON-2013-06 - NEW MRO HANGAR."

July 2013: Monarch Airlines (MON) commenced operations on the 2,900 km route from Leeds Bradford (LBA) to Bodrum (BJV) in southwestern Turkey on July 22. (MON), which now offers flights to Bodrum from a total of five UK airports, offers twice-weekly services on the newly launched route, which it operates using A320s. Jet2.com (JT2) provides competition in the market with flights of the same frequency.

Analysis of data for June 2013 and comparing it with data from a year ago, reveals that among the top 15 airlines, the fastest-growing is UK leisure airline Jet2.com (JT2) which has increased its passenger numbers in the Spanish market by almost +20%, up from 365,000 in June 2012 to 437,000 in June 2013. The second fastest-growing major airline in the Spanish market is another UK ‘hybrid’ airline, Monarch Airlines (MON). It has increased its passenger numbers at Spanish airports by almost +19% to 433,000 passengers.

September 2013: Monarch Airlines has begun the search to replace managing director Kevin George, who will take up a senior position outside the aviation industry. In the meantime, Monarch Group Executive Chairman, Iain Rawlinson will serve as Interim Managing Director until a successor is found.

Thomson Airways (ATZ)/(TFY) has renewed a heavy-maintenance contract with Monarch Aircraft Engineering (MAEL) (MON).

(MAEL) (MON), the UK-based maintenance repair & overhaul (MRO) provider will perform medium and heavy "C"-checks on (ATZ)/(TFY)’s 757s and 767s. Presently there are 16 757s and eight 767s alongside 34 737s and four 787s in (ATZ)/(TFY)'s fleets.

October 2013: Monarch Airlines (MON) is adding summer 2014 season flights: Enfidha and Agadir, 2x-weekly services from London Gatwick (LGW) and Manchester; London (LGW) - Nice, 5x-weekly, and - Hurghada, 2x-weekly; Hurghada - Birmingham and – Manchester will be offered 2x-weekly from May 2, 2014. Manchester - and London Luton - Naples will begin 2x-weekly.

November 2013: Monarch Aircraft Engineering Limited (MAEL) (MON) will deliver 787 Dreamliner B1 and B2 type training at London Luton Airport starting November 11.

Monarch Aircraft Engineering (MAEL) (MON) has completed commission testing for airplane maintenance at its new 110,000 sq ft maintenance facility at Birmingham Airport. Monarch Aircraft Engineering Limited (MAEL) celebrated the inauguration of the brand new multi-million pound maintenance hangar at Birmingham Airport on November 26th. The innovative facility that can accommodate almost every airplane type, including two 777-300ERs or ten narrow body airplanes simultaneously.

Monarch Aircraft Engineering (MON) will provide Continued Airworthiness Management for Air Greenland (GRL)’s Airbus A330.

Monarch Aircraft Engineering (MON) has delivered Boeing 787 Dreamliner B1 and B2 type training at London Luton Airport.

December 2013: Leisure carrier Monarch Airlines (MON) reported a +11.7% increase in gross turnover for the financial year ended October 31, up to £763.2 million/$1.3 billion from £683.5 million the previous year.

Gross turnover for the Monarch Group as a whole, which also includes the group’s Tour Operations and Monarch Aircraft Engineering (MAEL), was up +15.5% to £1.24 billion from £1.1 billion the previous year.

(MON) said all trading divisions were profitable for the year “on a pre-exceptionals basis,” with efficiency programs generating savings of £52 million for the year and a £31 million increase in intra group turnover. “The Monarch Group’s refinancing in 2011 was underpinned by a clear plan for growth in each of the Group’s three divisions, the implementation of business efficiencies and the achievement of intra group synergies. The execution of that plan over the last two years has returned the Group to profitability in the year ended October 2013.”

Monarch Airlines (MON) increased capacity by +10.1% in Fiscal Year (FY) 2013 to 8.1 million sector seats from 7.4 million during the previous year, and is on track to deliver 10 million sector seats by the end of 2016. Passenger numbers were up +9.5% year-on-year to 7 million from 6.4 million in (FY) 2012, while load factor was marginally down from 86.7% LF in (FY) 2012 to 86.2 LF, a drop of -0.6 point. (MON) reduced its cost base by a further £22.4 million during the year through an ongoing cost reduction and efficiency program, which has generated cost savings of -£51.9 million over the last two years.

Monarch Airlines (MON) will launch 2x-weekly Birmingham, UK - Hurghada service for summer 2014.

As part of its fleet renewal program, (MON) is reviewing competitive tenders from Airbus (EDS), Boeing (TBC) and Bombardier (BMB), and is expected to announce an order in the first quarter of 2014 for a total of 60 new airplanes with a list price value of $6 billion for delivery up to 2024. With the retirement of some existing airplanes, these new additions will expand (MON)’s fleet from the current 39 to 62. (MON) said its initial financial evaluation suggested the new airplanes would significantly improve cost per seat.

The fleet renewal program included delivery of nine airplanes during 2013, including two new A320s and two new A321s, while two older airplanes were retired. In 2014, a further eight airplanes will join the fleet and five will be retired.

A new organizational structure was implemented in June 2013, and Iain Rawlinson assumed interim executive responsibility for the airline until a new Managing Director is appointed in January 2014. Rawlinson said: “With ongoing plans for growth, and the re-fleeting project in its final phase, there is a clear path for bringing unit costs to a level which is directly comparable to the scheduled airline peer group.” He cautioned, however: “While we are encouraged by the more positive recent economic news of late, in the short term there remains overcapacity in the aviation industry and we believe many travel customers are cautious about the economic outlook. However, our Group structure, combining the three mutually supporting business areas of the scheduled airline, tour operations and airplane engineering, each with its own independent growth strategy, provides us with resilience in this very competitive market environment.”

Spanish infrastructure company, Abertis has completed the sale of its interest in the management of London Luton Airport to a consortium consisting of Spain’s airport management and air navigation services provider (Aena) and independent investment company, Ardian (formerly (AXA) Private Equity).

The proposed sale was announced at the beginning of August, subject to necessary authorizations. These have now been secured and the sale concluded for £433 million/$704 million.

Abertis held its stake in the Luton Airport concession through (TBI), a company owned by Abertis (90%) and Aena Desarrollo International (10%). Under the new consortium arrangement, (Aena) will have a 51% stake in the airport concession and Ardian will hold the remaining 49%.

(Aena) said in August the acquisition was in line with its “strategy to replace minority participations in a number of international airports with a portfolio of airports in which it has management control.”

It said the purchase would be financed through existing credit lines and the sale of minority stakes it holds in international airports, and would not generate additional debt. Struggling to rebalance its finances, (Aena) said the acquisition is expected to improve its (EBITDA) by approximately €46 million in the first year.

Abertis said the sale reinforced its strategy to focus on its core businesses, and that net book gains from the transaction are not material.

(Aena) Chairman, Jose Manuel Vargas said it aims to “substantially build up London Luton in consultation with all its stakeholders.”

Luton Borough Council, which owns the airport through wholly owned subsidiary, London Luton Airport Limited (LLAL), welcomed the acquisition of the long-term concession for the day-to-day management of the airport.

(LLAL) Chair, Robin Harris said: “We welcome the confidence that this acquisition demonstrates in our asset and the stakeholders’ commitment to deliver the planned program of investment aimed at improving the infrastructure and enhancing customer experience at London Luton Airport and which is required under the terms of the existing concession which runs until 2031.”

A planning application to increase the capacity of the airport from 12 to 18 million passengers a year, which was due to be heard November 21, has been deferred, according to the Council, “to allow for further consideration of consultees’ comments.” A new hearing date has yet to be confirmed.

Monarch Airlines ((IATA) Code:ZB, based at London Luton) (MON) will operate its last commercial A300-600R flight between London Gatwick and Birmingham International on April 13, 2014. The A300-600R (605, G-OJMR) is currently used on flights to Lanzarote and Tenerife Sur out of Gatwick. Once withdrawn from service, both (G-OJMR) and sister ship, (604, G-OJMR), are to be scrapped.

Monarch Airlines (MON) currently operates 36 airplanes, to 16 countries, and 44 destinations on 122 routes and 60 daily flights.

January 2013: Monarch Airlines (MON) has named former Thomas Cook (JMA)/(GUE), British Airways (BAB) and International Airlines Group (IAG) Executive, Andrew Swaffield as its new Managing Director, effective April 1.

Swaffield will assume leadership of the airline from Monarch Group Executive Chairman, Iain Rawlinson, who has been acting Managing Director of Monarch Airlines since November 2013.

Andrew joins (MON) from (IAG)-owned loyalty scheme Avios Group, where he has been Managing Director since 2006. Thomas Cook (JMA)/(GUE) and British Airways (BAB) also feature in Swaffield’s 25 years’ travel, aviation and airline loyalty background.

“I very much look forward to working with Andrew and his team as we further develop our plans to renew our fleet and expand our airline network. Andrew’s appointment is important and completes the progressive strengthening of (MON)’s senior management team over the last 18 months,” Rawlinson said.

Monarch Airlines (MON), which is on the verge of an order for 60 narrow bodies, also reported +37% growth in its year-on-year festive bookings. It claims this outperformed the market, which fell -5.5% over the same period.

This year, (MON) will add several new routes, including services from London Gatwick to Agadir in Morocco, Enfidha in Tunisia, Hurghada in Egypt, and Nice in France. It will also add flights from Manchester to Agadir, Enfidha, Hurghada and Naples, as well as Birmingham - Hurghada and London Luton - Naples.

(MON) has finalized plans to retire its last Airbus A300-600s in April, marking the end of 23 years’ service for (MON). (MON) will operate its final commercial A300 flight on April 13. The flight will be operated by (605, G-OJMR), which was delivered new to the carrier in 1991.

“The A300-600s will leave our fleet this winter and they go with our blessing,” Monarch Group Chairman, Iain Rawlinson said. “Their time has passed. It’s time to move on.”

The remainder of Monarch’s 39-airplane fleet includes A320-200s, A321-200s, A330-200s, and Boeing 757-200s.

Monarch (MON) is expected to announce an order for 60 narrow body airplanes in the first quarter of 2014, with Airbus (EDS), Boeing (TBC) and Bombardier (BMB) in contention. The order will expand its fleet to 62 airplanes.

February 2014: Monarch Aircraft Engineering (MAEL) has become the first UK Maintenance Repair & Overhaul (MRO) to install sharklet wing tips on Airbus A320 family airplanes. Monarch (MON) retrofitted the devices on Monarch Airlines (MON)’s Airbus A321s.

Monarch (MON) Aircraft Engineering (MAEL) has been selected by Boeing (TBC) to provide GoldCare support to Norwegian Air International (NAI)’s Boeing 787s at London Gatwick Airport. (MAEL) will start support in the second quarter of 2014 with the first of four 787s entering short-haul flying from Gatwick.

April 2014: SEE ATTACHED - - "MON-2014-04-UPDATE."

Monarch Airlines (MON) is extending the contract for use of fuel conservation software from Aviaso Inc to achieve the goal of +6.8% improvement in fuel efficiency by the end of 2015.

Monarch (MON) Aircraft Engineering recently deployed a Specialized Monarch (AOG) Response Team (SMART) to carry out engine repairs for Mega Maldives Airlines (MEG). The (SMART) performed acoustic-panel repairs on (MEG)’s Boeing 757.

May 2014: Monarch Airlines (MON) has used the first week in May to start up 10 new routes from four of its UK bases, with four routes starting from Manchester (MAN), three from London Gatwick (LGW), two from London Luton (LTN) and one from Birmingham (BHX). All but one of the ten routes face direct competition, London Luton to Naples (NAP) being the exception, with six of the routes having two or more competing airlines.

(MON)'s evolution from a charter airline to a scheduled airline has continued, while passenger numbers have risen. Between 2011 and 2013, the share of passengers carried on scheduled services has increased from 77% to 88%, while the total number of passengers carried has grown by almost +15% to over >6.8 million. With two additional A321s joining the fleet this summer (to bring the fleet size to 42 airplanes), (MON) should easily top the seven million passenger mark for the first time this year.

(MON) now has bases at six UK airports, the most recent being East Midlands and Leeds Bradford, both of which opened in 2012. These are still relatively small compared with (MON)’s main bases at Birmingham, London Gatwick, London Luton, and Manchester. (MON)’s route network is still focussed heavily on the Mediterranean and ‘summer sun’ routes, resulting in fairly extreme seasonality issues. In 2013, (MON) transported four times as many passengers in August as it did in January - - SEE ATTACHED CHART - - "MON-2014-05-SCHEDULED PASSENGERS."

It is interesting to note the impact of Easter holiday dates on demand. In 2013, Easter was at the end of March, rather than in the middle or late April. This clearly supressed demand in April 2013. This year, the Easter break was at the end of April, which should see (MON) reporting a significant year-on-year increase.

London Gatwick remains Monarch Airlines (MON)'s biggest base in terms of weekly departures (with 155), ahead of Manchester (138) and Birmingham (130). However, in terms of destinations served, Birmingham and Manchester both offer 26, while (MON)’s Gatwick network comprises 23 routes on scheduled flights. This month, (MON) has launched 10 new routes from four of its bases (highlighted in yellow), including the first scheduled services to Agadir in Morocco, Enfidha in Tunisia, and Hurghada in Egypt, as well as the return of Naples in Italy to the network.

Spanish airports still account for 54% of all flights with seven of (MON)’s top 10 destinations being in that country, led by Palma de Mallorca (62 weekly departures from UK airports) and Malaga (52). The three non-Spanish airports in the top 10 are Faro (third with 48), Dalaman (fifth with 41) and Larnaca (tenth with 20). The only destinations served from all six airports are Faro, Lanzarote, Palma de Mallorca and Tenerife South. In the last two years, scheduled services to Bordeaux, Milan Malpensa, and Munich have been suspended, while other destinations served in the past, include Granada, Jerez, and Madrid.

Air Malta (MLT) has signed an agreement to lease out an Airbus A320 airplane to Monarch Airlines (MON) for 19 months, which commenced at the end of April and will run through November 2015.

July 2014: At the Farnborough Airshow, Monarch Airlines (MON) announced it is finalizing terms to buy 30 new 737 MAX 8s, marking the start of a fleet switch from the Airbus A320 family to the 737 MAX family. The order will be worth $3.1 billion at list prices.

The 737 MAX will be powered by (LEAP-1B) engines. When finalized, the engine order is valued to be $1.9 billion at current list prices, including a long-term service agreement.

The (LEAP-1B), which is the sole powerplant for the Boeing 737 MAX, began ground testing in June.

August 2014: Monarch Airlines (MON) has launched a strategic review of its business, as it continues to change its operating model.

Monarch (MON), which began as a charter operator in the late 1960s, began some years ago to move toward becoming a scheduled low-cost carrier (LCC). (MON) said the review was being led by new non-executive Chairman, Sir Roy McNulty and (CEO), Andrew Swaffield.

“The review covers all areas of the business from operations to ownership and financing, with the objective of determining the optimum structure to realize the significant opportunity to build on the respected Monarch (MON) brand and distinctive offer to its customers in the budget airline market.”

Part of Swaffield’s remit, when he began working at (MON) earlier this year, was to undertake a complete review of the company’s route network, future fleet requirements and cost base. It is understood there was no fixed timescale for the strategic review.

At the Farnborough Airshow in July, (MON) announced it was close to finalizing a deal for up to 30 Boeing 737 MAX 8s. The bulk of its 42-strong fleet is currently composed of Airbus A320s and A321s.

In its 2013 annual report, (MON) said it envisaged buying 45 airplanes for delivery by 2021, both as replacements for its current fleet and for expansion.

As part of a network review, (MON) announced it will cease flying from the UK’s East Midlands Airport by the end of April 2015 and will “focus on offering customers greater flight frequency and more sociable departure times to short-haul European destinations from its main UK bases.”

(MON) said the change is “part of the next phase in Monarch (MON)’s transformation to become a scheduled European low-cost carrier (LCC). (MON) aims to complete the transition in advance of the arrival of its new narrow-bodied airplane fleet of 30 Boeing 737 MAX 8s, announced last month, which are expected to start entering service in 2018.”

Monarch Airlines (MON) is looking at staff numbers as it makes final preparations to transition from a charter airline to a scheduled low-cost carrier (LCC).

Most East Midlands flights will move to Birmingham Airport, around 37 miles away.

The Monarch Group, which includes tour companies and an airplane Engineering arm, is largely owned by the Swiss Mantegazza family, which founded it in the early 1960s.

UK leisure carrier, Monarch Airlines (MON) has completed all requirements for a European Aviation Safety Agency (EASA) air operator’s certificate (AOC), one of the first UK airlines to do so.

A key new feature of the (EASA) regulations is the introduction of a mandatory Safety Management System (SMS), requiring each operator to demonstrate “a robust safety culture and a risk-based approach to all aspects of airplane operations,” (MON) said.

Monarch (MON)’s new (AOC) will become effective October 28, the date by which the Civil Aviation Regulation is to be harmonized at a European level. All airlines must conform to (EASA) regulations at this point.

(MON) said it was required to produce compliant Operations Manuals and new Safety Management & Compliance monitoring manuals to meet the requirements of the new implementing rules. It submitted relevant documents to the UK Civil Aviation Authority (UKCAA) for approval eight weeks ahead of the specified deadline.

Monarch Airlines (MON) Operations Director, Nils Christy said: “Our successful transition to (EASA) conformity is thanks to the dedicated work and support of a number of departments across both (MON) and Monarch Aircraft Engineering Ltd over the last nine months. Due to this commitment, we were able to submit eight weeks ahead of deadline and subsequently become one of the UK’s first major airlines to complete the necessary requirements to be issued an (EASA) certificate.”

The following was reported by Ben Marlow and Nathalie Thomas, of "The Telegraph" August 10th, 2014:

Monarch (MON) is looking at a dramatic overhaul of its operations, potentially taking an axe to routes, and retreating from bases, as several distressed investors, including Jon Moulton, circle the travel group.

New Chairman, Sir Roy McNulty and (CEO), Andrew Swaffield are scrutinizing every part of the company's operations as part of a sweeping strategic review, which is expected to lead to significant changes in the ownership structure.

The group confirmed that it is reviewing "all areas of the business from operations to ownership and financing" after "The Sunday Telegraph" revealed that a number of distressed and private equity investors, including venture capitalist, Jon Moulton's Better Capital, (HIG) Europe, Towerbrook and Indigo Capital, are considering injecting cash into the company, which is controlled by the Swiss billionaire, Mantegazza family.

(MON) is understood to need as much as 60 million pounds of fresh capital, despite the Mantegazzas pumping 120 million pounds into the group since 2009.

Dean Street Advisers is leading the search for an external investor, but the Mantegazzas have also appointed restructuring specialists from (PwC), who are working on a rescue plan, in case Monarch (MON) is unable to strike a deal to bring in fresh capital.

(MON) said: "The group confirms it is undergoing a strategic review under the leadership of new non-executive Chairman, Sir Roy McNulty and (CEO), Andrew Swaffield. The review covers all areas of the business from operations to ownership and financing, with the objective of determining the optimum structure to realize the significant opportunity to build on the respected (MON) brand and distinctive offer to its customers in the budget airline market."

Airline analysts question (MON)'s strategy of trying to position itself as a low cost carrier (LCC) but with better service than the market leaders, easyJet (EZY) and Ryanair (RYR). (RYR) and (EZY) are difficult to beat on price due to their lower cost bases, while they have also been improving their own customer service offering to attract passengers, who were previously put off by budget air travel.

Monarch (MON), which operates principally from Gatwick, Luton, Manchester, and Birmingham airports, said in December last year that it was back in the black, but competition in the European airline industry has since intensified. (RYR) launched a fierce price war following two profit warnings last autumn, while (EZY) has also been trying to stamp out competition at Gatwick, increasing its capacity at the airport over the summer by +16%. Norwegian Air Shuttle (NWG) has also been expanding rapidly in the UK market.

Monarch Aircraft Engineering Ltd (MAEL) has completed its first deployment of a new in-flight entertainment (IFE) system. It worked closely with sister company, Monarch Airlines (MON), and AeroFi, the (IFE) provider. Separately, the Monarch Group appointed Ian Bartholomew as (MAEL) interim Managing Director.

Monarch Airlines (MON) is set to cut over -1,000 jobs, while parking twelve of its 42 airplanes as further details of (CEO), Andrew Swaffield's radical restructuring plan are revealed.

Following on from (MON)'s announcement that it will abandon its East Midlands operations effective April next year, (MON) has now alluded to ditching long-haul charter flights to India, the USA and the Caribbean in favor of a more regionally-oriented, budget carrier-esque business model. In tandem with its transformation from a charter carrier into a scheduled operator, (MON) will also renew its fleet of Airbus airplanes with a pending order for 30 Boeing 737 MAX 8s.

Management is also in talks with the airline's pension fund trustees concerning a -GBP158 million/-USD263.79 million deficit.

Britain's "Sunday Times" paper reported Monarch's billionaire owner, Sergio Mantegazza, had expressed a desire to offload a controlling stake under the right conditions and for the right price. USA airline turnaround specialists, Seabury, are leading the hunt for new investors with Better Capital, (HIG) Europe, Towerbrook, and Indigo currently being courted. (MON)'s board has reportedly approached Mantegazza for a GBP60 million/USD102.2 million cash injection linked to (MON)'s latest fleet renewal plan.

Overall, (MON) hopes the restructuring program will render (MON) appealing enough to land an investor before the end of the year.

Competitor Ryanair (RYR) has meanwhile announced to fill one of the gaps left by (MON) at East Midlands, by launching a new twice weekly 737-800 service from the airport to Malta from summer 2015, and by adding additional frequencies to existing routes on which it is competing with (MON) now from the airport.

Monarch Airlines (MON) currently operates 42 airplanes, to 16 countries, and 43 destinations on 119 routes and 165 daily flights.

September 2014: The unions representing Monarch Airlines (MON)’s staff have agreed to major concessions on pay aswell as terms and conditions, as part of (MON)’s plan to evolve into a scheduled low-cost European airline.

Following discussions with union representatives of the British Airline Pilots Association (BALPA) and (UNITE), which represent cabin crew (CA), and engineers (MT), staff were balloted on proposed changes, and on average, more than >90% voted in favor of the restructuring.

(MON) said that 96% of pilots (FC), more than >90% of cabin crew (CA), and 88.43% of engineers (MT) at Monarch Aircraft Engineering Limited (MAEL) also voted yes.

The changes impact all areas of the business and involve concessions of up to 30% in salaries, as well as modifications to working patterns and other conditions.

Monarch Group (CEO), Andrew Swaffield said: “This vote represents another step forward in our efforts to transform Monarch (MON) and demonstrates a commitment from every member of the (MON) workforce. Yesterday, we made a major announcement that Greybull Capital is the preferred bidder for Monarch (MON). Today’s news that staff accepts changes to their terms and conditions, including considerable reductions in salaries, is a further, significant step in our efforts to complete our proposed transaction.”

He acknowledged there were “further hurdles” still to be overcome, but said Monarch (MON) had “secured major agreements with airplane lessors and commitments on future investment from Greybull.”

On September 23rd, London-based investment company, Greybull Capital was named as the preferred bidder to acquire Monarch (MON) from the Group’s current shareholders, principally the Mantegazza family.

(BALPA) said it welcomed the Greybull announcement, and General Secretary, Jim McAuslan said: “Pilots (FC) and their colleagues at (MON) have stood up and made major sacrifices to secure the future of this important British company, accepting lower pay and reduced terms and conditions within a restructured airline.”

(UNITE) national officer, Oliver Richardson said: “Although the discussions over the past few weeks have been difficult and our members are sacrificing a lot, what is clear, is that they remain committed to the future of (MON) and have voted accordingly. We will be seeking assurances and commitments from the new investors and company regarding future business plans and any impact they might have on our members.”

October 2014: Monarch Holdings, the parent company of UK leisure carrier Monarch Airlines (MON), has been sold to private investment firm Greybull Capital and has confirmed plans to cut -700 jobs.

Under the deal, Greybull has acquired 90% of the Monarch Group from the Mantegazza family. The remaining 10% will be used to shore up Monarch (MON)’s pension fund.

Through its new owners, (MON) has secured access to £125 million/$201 million in fresh capital and liquidity. This forms an integral part of (MON)’s new strategy, which will see it downsize its fleet from 42 to 34 airplanes, cut -700 positions (two thirds voluntary), reduce salaries by up to -30%, and abandon its long-haul and charter flying from April next year in favor of a low-cost carrier (LCC) model.

Overall, the productivity measures will slash -£200 million from Monarch (MON)’s annual costs.

In its new incarnation, (MON) will focus on scheduled short-haul leisure routes from its five bases at Birmingham, Leeds-Bradford, London Gatwick, London Luton, and Manchester. It will axe its East Midlands operation from summer 2015 and step up its frequencies and airplane utilization.

In July 2014, Monarch (MON) inked a commitment for 30 Boeing 737 MAX 8s for delivery between the second quarter 2018 and 2020 as part of its revamp and narrow body renewal.

The Seabury Group advised (MON) on both its transformation plan and the Greybull transaction.

November 2014: News Item A-1: Monarch Airlines (MON) has increased operations from one of its five UK bases this month, adding a twice-weekly (Mondays and Saturdays) service between Leeds Bradford (LBA) and Gran Canaria (LPA). Flown by a mixture of (MON)’s A320 and A321 equipment, the 3,092 km sector will be flown in competition against fellow low cast carrier (LCC) Jet2.com (JT2), which operates the route on a weekly basis. The route commenced on November 8th.

News Item A-2: Monarch Airlines (MON) offers London (LGW) - Lyon from December 27 - April 11.

(MON) announced its summer 2015 schedule from Leeds: Antalya (2x-weekly), Barcelona (3x-weekly), Dalaman (3x-weekly), Faro (5x-weekly), Larnaca (2x-weekly), Menorca (2x-weekly, Majorca (4x-weekly), Tenerife (2x-weekly) and new services Alicante (3x-weekly) and Naples (2x-weekly) are added.

(MON) adds new and additional summer services: 3x-weekly, Birmingham - Ibiza; weekly, Birmingham - Preveza; 6x-weekly, London (LGW) -Ibiza; weekly, - Rhodes; 2x weekly, - Larnaca; 2x-weekly, London Luton - Zante; and 6x-weekly Manchester - Ibiza; and weekly, Manchester - Rhodes.

News Item A-3: Monarch Aircraft Engineering (MAEL) has gained United Arab Emirates (UAE) General Civil Aviation Authority Part 147 approval.

December 2014: News Item A-1: Monarch Airlines (MON) offers London Gatwick - Lyon from December 27 - April 11.

News Item A-2: The Monarch Group appointed Barry Nightingale as Group (CFO) from January 2015. He is a former (CFO) of the Betfred Group.

February 2015: News Item A-1: UK leisure carrier, Monarch Airlines (MON) is forecasting a double-digit net profit for 2014 - 2015, following a rapid turnaround under new 90%-owner, Greybull Capital.

News Item A-2: Monarch Aircraft Engineering Ltd (MAEL) (MON) has secured a line maintenance technical handling agreement with Air Explore (EXP) of Bratislava. Also, (MAEL)’s maintenance facility at Birmingham Airport is now Boeing (TBC) "GoldCare" approved.

March 2015: News Item A-1: The Monarch Group has appointed Ian Bartholomew as Managing Director of Monarch Aircraft Engineering Ltd (MAEL) (MON).

May 2015: News Item A-1: Monarch Aircraft Engineering (MAEL), the Engineering division of The Monarch Group, has been contracted to provide line maintenance technical handling to American Airlines (AAL). The contract, which commenced in May, will see Monarch (MON) support (AAL)’s Boeing 757-200 at Birmingham Airport.

June 2015: Monarch Airlines (MON) reported a loss of -£69.9 million/-$107.3 million for the 6 months ended April 30, improved from a loss of -£110.6 million for the same period last year.

(MON) said its turnaround was “firmly on track,” with winter losses for the November to April period reduced by a larger than forecast £40 million. (MON) has now completed the final phase of a restructuring program begun last year, aimed at generating cost savings of -£200 million a year. This included network and fleet restructuring, revenue management improvement, and modernizing working practices. Monarch said £30 million of the reduction in winter losses was due to the success of this self-help turn-around program, with the remaining £10 million resulting from additional savings in fuel costs.

(CFO), Barry Nightingale said, “Our winter performance was better than forecasted with substantially reduced losses. Improved revenue management has played a key part in the turnaround results, but additionally we have put a lot of work into segmenting our customer groups and have been able to take a customer centric approach to reshape our network around increased frequencies to our most popular destinations. We have also added new scheduled routes taken from our portfolio of destinations previously served as charter routes to provide a better service and increased flexibility to customers.”

Capacity fell -4% year-on-year, with (ASK)s down -5% to 5.72 billion in first half (H1) 2015. (RASK)s were down -4% to 4.44 pence for the period, while (CASK)s improved +12%.

Sold by Switzerland’s Mantegazza family to private investment firm Greybull Capital last October, Monarch (MON) has recently celebrated 47 years of flying under the "Monarch" name. As part of the restructuring plan, (MON) has abandoned its traditional charter and long-haul business model and is transforming itself into a scheduled, low-cost predominantly regional carrier.

As part of that strategy, work has now begun on transitioning (MON) to a new fleet of Boeing 737 MAX 8 airplanes, which will start coming into service in April 2018. The order for 30 of the 737 MAX 8s was confirmed last autumn, and they will replace the current Airbus (EDS) fleet by 2020, generating further fuel cost savings, (MON) said.

In addition to its scheduled airline operations, (MON)’s in-house Engineering Division (Monarch Aircraft Engineering) reported growth in its third party business, and has opened a new maintenance base in Copenhagen. (MON)’s tour operating business also reported strong year-on-year growth in on-line bookings, which it said offset some category weakness in high street sales.

July 2015: Monarch Aircraft Engineering has extended its (FAA) approval to Birmingham and Copenhagen base maintenance facilities.

September 2015: Monarch (MON) Aircraft Engineering will provide line maintenance for GainJet Aviation (GNJ)’s Boeing 757-200.

October 2015: Monarch Aircraft Engineering was the first UK Maintenance Repair & Overhaul (MRO) base to carry out a Phase 12 "C" check on a Boeing 787-8 in September 2015. In early 2016, it plans to complete a Phase 18 "C" check on a 787-8.

December 2015: News Item A-1: The Monarch Group, which includes leisure carrier Monarch Airlines (MON), expects to report a strong turnaround, when it announces full-year results in early 2016.

In a trading update December 9, the group (which includes an in-house tour operator and an Engineering division that also handles 3rd-party work) said it anticipates underlying earnings to exceed >+£40 million/$60 million before interest and tax, which would represent a +£130 million turnaround compared to a year-ago loss.

The move into profit comes after a major company reorganization involving redundancies, reductions in salaries and cuts to airplane numbers following the group’s acquisition by private investment company Greybull Capital just over a year ago. The reorganization saw some -£200 million being removed from annual costs.

Monarch Group (CEO), Andrew Swaffield said the improvement has been achieved in the teeth of some serious trading headwinds and the group “is now firmly on the path to sustainable profitability.”

Those headwinds included a terrorist attack on a beach in Sousse, Tunisia, that killed 38 tourists, 30 of them British. The attack effectively closed Tunisia as a destination, a major destination for Monarch (MON) and other carriers, and resulted in deploying more capacity to (MON)’s other traditional markets.

Additionally, the downing of the Metrojet (KLV) Airbus A321 by a bomb shortly after its departure from Egypt’s Sharm-El-Sheikh Red Sea resort in October led to a UK government travel ban to the location; this will remain in force until January 6, 2016, at the earliest.

The Greek eurozone crisis also saw a -50% drop in bookings for two months at the height of the European summer vacation season.

These factors were offset to some extent by -£30 million worth of lower fuel costs and a sterling-euro exchange rate that favored UK tourists, the group said.

Monarch (MON) delivered higher-than-forecast core yields, with routes to the western Mediterranean and the Canary Islands, off the coast of northwest Africa, its best-performing routes, according to (MON).

Yields for those destinations were up +9.5% compared to the preceding year, while revenue per seat exceeded targets.

As part of its reorganization, (MON) has ditched its longstanding charter operations and long-haul flights, which led to better asset utilization, the group said. Outlook for the winter season remains good, although customers are booking later than normal.

News Item A-2: Monarch Airlines (MON) began three services in the last seven days with two routes commenced from London Luton (LTN), (MON)’s sixth biggest airport in terms of weekly seats. Weekly (Thursdays) flights to Eilat Ovda (VDA) and 3x-weekly operations to Tel Aviv (TLV) were both launched from the North London airport on December 3. While the former will face no direct competition, the latter will encounter resistance from easyJet (EZY) (11x-weekly) and El Al (5x-weekly). On December 5, (MON) launched currently its only service (flights from Manchester resume on December 17) to the ski resort of Innsbruck (INN) from its second biggest base (in terms of weekly seats) London Gatwick (LGW). The 938 km route, flying 2x-weekly (Saturdays and Sundays), will have direct competition in the form of easyJet (EZY), British Airways (BAB) and Thomson Airways (ATZ)/(TFY), who offer a combined total of 18x-weekly services. All three services will be operated by (MON)'s A320/A321 fleet.

A320-214 (3278, G-ZBAT), ex-(PR-MHO), (SMBC) Aviation Capital leased.

January 2016: News Item A-1: Monarch Aircraft Engineering Limited now has a line-maintenance, technical-handling agreement with Austrian Airlines (AUL) for Airbus A320s and Embraer EMB-195s at Manchester Airport.

News Item A-2: Monarch Aircraft Engineering (MAEL)has expanded its contract with La Compagnie to include airframe heavy maintenance on a Boeing 757-200ER. (MAEL) will do a "C" check at London Luton Airport.

March 2016: Less than 18 months after taking control of UK carrier Monarch Airlines (MON), its new owner is exploring strategic options for the London Luton Airport-based leisure operator.

Greybull Capital has appointed a major bank to help it sift possible courses of action. It bought a controlling 90% stake in the airline’s parent company, Monarch Holdings, from the previous owners, the Swiss-Italian Mantegazza family, in the fall of 2014.

(MON) has recently been through a major restructuring exercise, cutting aircraft, staff and salaries. It has repositioned itself as a scheduled, short-haul, low-cost leisure carrier, dropping its charter and long-haul services.

Greybull is a low-profile, family-owned UK investment firm. According to media reports, Greybull paid £75 million/$108 million for its holding in Monarch (MON).

In a statement issued by its public relations company, it said: “Monarch (MON) has executed a successful turnaround, is now a strong and stable business and is therefore ready to look at growth opportunities in Europe. In order to review relevant options thoroughly, (MON) has sought the assistance of Deutsche Bank who will look at both inbound and outbound opportunities. We confirm there is no sale process.”

Like most airlines, (MON) has benefited from low fuel prices over the past year, but some of its traditional Mediterranean markets (such as Tunisia, Egypt and Turkey) have been badly hit by terrorist attacks, which have dampened or completely stopped tourists from flying there.

April 2016: (APG) has been appointed by UK-based Monarch Airlines (MON) as general sales agent in Israel and will be providing full sales and marketing services as well as call center facilities.

June 2016: Monarch Airlines (MON) is to resume 737 operations in (1Q) 2017.

July 2016: Monarch Aircraft Engineering named Chris Dare as Managing Director.

September 2016: "Monarch Airlines Rebuts Suggestions of Financial Problems" by (ATW) Alan Dron alandron@adepteditorial.com, September 26, 2016.

Monarch Airlines (MON) has denied speculation that it is in financial difficulties. (MON) said it anticipated announcing a “significant investment” from its main shareholders “in the coming days.”

Over the weekend of September 24 to 25, (MON) received a flurry of questions on its Twitter feed as to whether it was on the verge of going out of business. The company said it had no idea how the rumors started. There have been suggestions in the UK media that the speculation was sparked by internet users using flight schedule websites allegedly having spotted a series of 1-way flights from Mediterranean leisure destinations to the UK that mirrored (MON)’s schedules.

This led to suggestions that they were repatriation flights. Most UK airlines and holiday companies subscribe to an insurance scheme that ensures holidaymakers are not left stranded abroad if their holiday operator collapses. A spokesman for the Civil Aviation Authority, the UK aviation regulator, was unable to shed light on the reports.

The rumors reached such a pitch that (MON) issued a formal statement on September 26 rebutting them: “There has been negative speculation about (MON)’s financial health. (MON) is trading well and is expected to achieve an (EBITDA) of >£40m/$52 million at the end of this financial year (October 2016). This is despite a difficult period for the holiday industry due to terrorist incidents, Brexit and the resulting devaluation of sterling. Our flights and holidays are operating as normal, carrying (MON) customers as scheduled.”

Perhaps significantly, the statement concluded: “To weather tougher market conditions and to fund its ongoing growth, (MON) expects to announce a significant investment from its stakeholders in the coming days.”

(MON) was bought by the UK-based investment company Greybull Capital in 2014. (MON) the low-profile, family-owned company describes itself as making long-term investments in companies throughout Europe and the USA.

October 2016: "Monarch Modifies Boeing 737 Deal" by (ATW) Alan Dron, alandron@adepteditorial.com, October 14, 2016.

Monarch Airlines (MON) is understood to have converted its order for 30/15 737 MAX 8s into a sale-and-leaseback deal. (MON), which on October 12 announced it had received a £165 million/$203 million injection from majority shareholder Greybull Capital that allowed it to keep flying, placed the order for 30 MAX 8s, together with 15 options, in October 2014. The 1st is to be delivered in 2018.

(ATW) understands that Monarch (MON) has converted the purchase to a sale and leaseback arrangement involving a 3rd party.

(MON) (CEO) Andrew Swaffield was quoted by "Bloomberg" as saying (MON) has “had Boeing (TBC)’s cooperation around restructuring certain aspects of our purchase agreement.”

Doing so would ease financial pressures on (MON) which, like many European carriers that serve the Mediterranean holiday market, has been affected by the sharp drop in passengers flying to destinations such as Turkey and Tunisia. Those 2 nations have been wracked by terrorist incidents and political upheavals, with Tunisia’s tourism industry, in particular, effectively stagnant.

February 2017: 737-800 (40874, G-ZBAV), ex-(TC-AAY), ex-Pegasus Airlines (PGS).

May 2017: On May 5, 2017 Monarch Airlines (MON) celebrated 20 years of operations between London Luton (LTN) and Gibraltar (GIB). In that time, (MON) has carried >1.5 million passengers on the route. Gibraltar ranks as (MON)’s 9th busiest destination this summer with 18x-weekly flights from 4 of its 5 UK bases. Last year, passenger numbers were up +23% at Gibraltar Airport to almost 550,000.

See photo: - "MON-2017-05 - 20 yrs (LTN) to (GIB).jpg."

June 2017: News Item A-1: Monarch Airlines (MON) has taken delivery of a Boeing 737-800 as it starts to prepare for the arrival of its 737 MAX 8s next year.

(MON), the London Luton-based airline is currently an Airbus A320/A321 operator, but is scheduled to start moving to the Boeing narrow body in spring 2018. (MON) has now acquired a single 737-800 (40874, G-ZBAV) from Turkish low cost carrier (LCC) Pegasus Airlines (PGS) to act as a “bridge” to the new type, enabling crews to start to become familiar with it.

“The airplane will operate commercially, but it will also be used extensively for training,” a (MON) spokesman said. The airplane flew to the UK May 18 and will enter service shortly.

Monarch (MON) at present operates 25 A321s and 9 A320s; (MON) ordered 30 MAX 8s at the 2014 Farnborough International Airshow.

News Item A-2: UK leisure carrier Monarch Airlines (MON) firmed options on a further 15 Boeing 737 MAX 8s at the Paris Air Show.

July 2017: "Monarch Airlines (MON) Adds 5 New Destinations for 2017; 13 New Routes from 5 UK Bases as Boeing 737 MAXs Replace Airbus Fleet by 2022," by anna.aero "Airline Analysis" July 4, 2017.

When Monarch Airlines (MON) was last examined back in May 2016, there was some uncertainty about (MON)’s future ownership. This has now been resolved with Greybull Capital having invested significantly in (MON) to secure its future. Now, only operating scheduled services from 5 UK bases (Birmingham, Leeds Bradford, London Gatwick, London Luton and Manchester), this summer will see (MON) the leisure carrier offer 104 routes, an increase of +8 compared with last year. A total of 13 new routes have been added while 5 have been dropped (4 to Sharm El Sheikh in Egypt). Of the 13 new routes, 10 are to 5 airports that were not served last summer; Porto, Split, Stockholm Arlanda, Valencia, and Zagreb.

According to UK (CAA) data, (MON) carried 5.44 million passengers in 2016 at an average load factor of 76.0% LF. During the previous year, (MON) had transported 5.72 million passenger with an average load factor of 82.3% LF. In fact, (MON) operated +2.4% more flights in 2016 (35,619) than in 2015 (34,796) but the number of (ASK)s fell by -3.3% from 14.74 billion in 2015 to 14.25 billion in 2016, indicating a reduction in the average sector length for (MON).

Seasonality remains a major issue for Monarch (MON), although (MON) is tackling this. In recent years, while the number of passengers in winter has remained relatively stable, the summer peak has been slightly less pronounced. However, in 2016, passenger numbers in August (almost 700,000) were still >3x- the passenger figure for November (just <225,000).

According to UK (CAA) data (MON)’s 34 Airbus aircraft (as of the end of 2016) averaged 8.7 hours daily utilization across all of 2016, 10.3 hours for the 9 A320s and 8.3 hours for its 25 A321s. For comparison, Thomson Airways (ATZ)/(TFY)’s 33 737-800s averaged 10.7 hours last year and Thomas Cook Airlines (GUE)/(JMA)’s 21 A321s averaged 10.2 hours.

* 5 new destinations for Monarch Airlines (MON) in summer 2017.

(MON) offers more routes from Birmingham (30) than from any of its other bases, but London Gatwick still sees more weekly departures (145x-) in the 1st week of August, with Birmingham 2nd (139x-). 5 new destinations have been added this summer (highlighted in yellow in table); 2 in Croatia and 1 each in Portugal, Spain, and Sweden. This brings to 35 the number of destinations served in mainland Europe from (MON)’s 5 UK bases. Overall, the number of weekly flights this summer looks to be up around +3%.

(MON)’s top 4 destinations are unchanged compared with last summer: - Palma de Mallorca, Malaga, Faro and Alicante. Out of (MON)’s top 10 destinations 7 are in Spain, with the others being Faro, Dalaman (in Turkey) and Gibraltar. Earlier this year, (MON) celebrated 20 years of serving Gibraltar from London Luton, (MON)’s oldest scheduled service. Routes to Spain (56%) and Portugal (16%) still account for almost three-quarters of (MON)’s flights this summer with Italy, Turkey, and Croatia the next 3 biggest country markets.

Competition is tough for (MON), with several airlines competing on a large chunk of (MON)’s network. Thomson (ATZ)/(TFY) competes directly on 64 of (MON)’s 104 routes, easyJet (EZY) on 46, Jet2.com (JT2) on 41 routes, Thomas Cook (GUE)/(JMA) on 41, and Ryanair (RYR) on 33.

* 45 737 MAX 8s set to replace Airbus fleet by 2022.

Monarch (MON) placed an order for 30 737 MAX 8s in October 2014 with the 1st aircraft set for delivery in April 2018. (MON) recently confirmed an additional order for a further 15 of the type. By 2022 it is expected that (MON) will be operating an all-Boeing (TBC) fleet. To help get used to Boeing (TBC) airplanes, (MON) has recently leased in a 737-800 (40874, G-ZBAV), formerly operated by Pegasus Airlines (PGS), which will operate a number of routes from (MON)’s Birmingham base for the rest of the summer.

August 2017: Greybull Capital, the owner of Monarch Airlines (MON), is the latest company to emerge as interested in Alitalia (ALI), highlighting the possibility that the Italian flag carrier’s operations could be sold off separately (even though Italy’s government has stated a preference for a sale of the company as a whole). Investment company Greybull, which is most famous for its rescue of British Steel (and which took a majority stake in Monarch Airlines (MON) in 2014).

September 2017: UK-based scheduled leisure carrier Monarch Airlines (MON) is carrying out a major review of its operations to plot its future course, and has begun talks with potential strategic partners.

Reports on UK satellite TV channel "Sky News" said the London Luton-based carrier was discussing options with financial and professional services company (KPMG) and was considering pivoting its operations away from short-haul flights to long-haul operations.

The European short-haul market has become ferociously competitive, with (LCC)s such as Ireland’s Ryanair (RYR), UK’s easyJet (EZY), Norwegian (NWG) and Europe’s Wizz Air (WZZ) increasingly pulling traffic away from legacy carriers.

Several airlines are focusing more on long-haul services in the search for improved profits (although this market sector is also coming under pressure from new-generation, low-cost long-haul carriers such as Norwegian (NWG) and International Airline Group (IAG)’s Level.

Monarch (MON) said, “In recent months we have undertaken, and continue to undertake, a comprehensive review of (MON), designed to determine its optimal future shape, size and strategy. We are having regular discussions on a number of options with potential strategic partners and we will announce any material developments, if and when they happen.”

Until a few years ago, (MON)’s fleet included 2 Airbus A330-200s used for long-haul charter flights. However, these were disposed of after (MON) was acquired by reclusive London-based private investment firm Greybull Capital and switched from charter to scheduled services.

In autumn 2016, Greybull made a major cash injection of £165 million/$224 million in (MON).

October 2017: News Item A: UK leisure carrier Monarch Airlines (MON) entered administration in the early hours of October 2 and its air operator’s certificate (AOC) has been suspended, marking the UK’s largest ever airline collapse. In addition, later in the day, the joint administrators of Monarch Airlines Ltd and Monarch Travel Group confirmed that 1,858 employees have been made redundant. “Of these, 1,760 were employees of Monarch Airlines (MON), while 98 were employed by Monarch Travel Group.

News Item A-2: "Monarch’s Fragile Wings" by Karen Walker karen.walker@penton.com in (ATW) Editor's Blog, October 2, 2017.

The collapse of UK leisure carrier Monarch Airlines (MON) is bad for those travelers whose vacations are upended; worse for the almost 2,000 people who have lost their jobs with a company that has entered bankruptcy after 50 years of operating. But it should have come as no surprise, given what is happening in the European airline market.

As Air Transport World (ATW) noted in its September editorial, Europe’s leisure travelers have too much of a good thing. Ultra-(LCC)s like easyJet (EZY), Ryanair (RYR), Norwegian (NWG) and Wizz Air (WZZ) have the right business model and, more importantly, the right costs to sustain their growth. They can offer low, low fares and be profitable.

But there are now too many European airlines competing in directly over-lapping markets. And if (RYR) or (EZY) are the butterflies flapping their wings in your market, you’d better be sure you can compete on fares and costs. You also need the business savvy to adapt quickly to changing markets.

As (MON), Alitalia (ALI) and airberlin (BER) demonstrate, pouring money into an airline is not the answer. Greybull Capital injected millions into (MON), as did Etihad Airways (EHD) with (ALI) and (BER). But (MON) was not able to switch course when the tourist markets it depended on in Turkey, Egypt and Tunisia dried up because of terrorism and political concerns. Its cost base could not withstand the triple blow of a fall in demand, higher fuel costs and the collapse of the pound after the Brexit referendum. But mostly, it could not find a sustainable business model in the new world of fierce (ULCC) competition.

The USA majors are adapting their business models to compete with (ULCC)s like Spirit Airways (SPR) and Frontier Airlines (FRO). They are segmenting their main cabin product so they can match their bare-bones fares. Passengers that select “basic economy” (Y) options are not allowed to pre-select their seats, will be last to board, cannot take on a roller-bag or use the overhead bin, and must pay extra for a checked bag (thought they get the same snacks, beverages and free entertainment as other economy (Y) passengers). That’s helping to keep the USA majors not just in the game, but also profitable.

However, a consolidated USA airline industry also has fewer players with greater dominance of the USA domestic market. The European industry, in contrast, still clings to its flagships (albeit grouped under the Air France (AFA) - (KLM), (IAG) and Lufthansa (DLH) umbrella companies) even as the (ULCC)s spread. Monarch (MON)’s wings, in the end, were too fragile to stay the course.

News Item A-3: "Monarch’s Engineering Arm Continues as Standalone Operation" by Alan Dron alandron@aadepteditorial.cm, October 3, 2017.

The UK’s Monarch Aircraft Engineering Ltd (MAEL) will continue operations despite the October 2 collapse into administration of Monarch Airlines (MON) and the Monarch Travel Group.

(MAEL) has hangars at both Monarch (MON)’s home base of London Luton and at Birmingham airport, as well as 10 line maintenance stations in the UK and elsewhere in Europe.

Although its sister company was a significant customer for its Engineering Services, (MAEL) has increasingly looked further afield for business and, in the past month, has won a contract to carry out "C1" checks on Virgin Atlantic (VAA)’s fleet of 17 Boeing 787-9s over the next 4 years. At this year’s Paris Air Show, it also signed a joint venture (JV) partnership with Boeing Global Services to collaborate on securing additional 3rd-party fleet servicing agreements. (MAEL) is a Boeing-approved Global Fleet Care (formerly "GoldCare") provider.

“(MAEL) has always been a standalone business within the Monarch Group, holding its own cash, employees and property,” (MAEL) Managing Director Chris Dare said. “Despite what has happened at Monarch Airlines (MON) and the Monarch Tour Group, (MAEL) continues to trade as normal, with renewed focus on servicing our existing clients and winning new contracts.”

News Item A-4: Monarch Aircraft Engineering (MAEL) has a China Airlines (CHI) contract to provide Airbus A350 line maintenance at London Gatwick starting in December 2017.

November 2017: News Item A-1: The administrators of UK leisure carrier Monarch Airlines (MON) (which entered into administration on October 2) are scheduled in court in the 2nd week of November to determine whether (MON) still has allocation powers over its airport slots.

News Item A-2: "UK Court Rules Monarch has no Claim on Summer 2018 Slots" by (ATW) Victoria Moores victoria.moores@penton.com November 9, 2017.

Administrators acting for UK leisure carrier Monarch Airlines (MON) will appeal a high court ruling that the grounded airline has no entitlement to its summer 2018 slots.

UK leisure carrier (MON) entered administration and had its air operator’s certificate (AOC) suspended in the early hours of October 2, marking the UK’s largest ever airline collapse.

(MON)’s administrators, (KPMG), went to court November 6 to 7 to seek clarity on whether the carrier still has allocation power over its highly valuable airport slots, especially those at London Gatwick Airport.

The UK high court dismissed Monarch (MON)’s claim on November 8, dealing a blow to (MON) and its creditors, although the door was left open for (MON) to seek a “judicial review”.

“So far as the parties and we are aware, this is the 1st court application in this jurisdiction on the part of an insolvent airline asserting an entitlement to and seeking to compel the allocation of slots for a future season,” the judge said, delivering his verdict.

He went on to explain that (MON) no longer has any aircraft, operating pilots (FC) or an in-force (AOC).

“There is no more than a theoretical possibility of Monarch (MON) emerging as a going concern or resuming the operation of air services. In these circumstances, we reject the (MON) claim that the defendant, slot coordinator (ACL), was under a duty to allocate the summer 2018 slots to (MON) by reason of historical precedence (grandfather rights),” the judge said. “It is 1 thing to permit a secondary market in slots. It is another to extend it to companies in insolvency.”

(ACL) has been told to move ahead with allocating the summer 2018 slots because reserving or postponing its decision would “sterilize or distort” the market.

“The consequence of our decision is that the summer 2018 slots are to be placed in the slot pool,” the judge said.

(KPMG) partner and (MON) Administrator Blair Nimmo said he was disappointed by the ruling and “will be seeking leave to appeal as a matter of urgency.”

The next milestone in the administration process is likely to be the 1st report to creditors, which is scheduled to be published toward the end of November. This will detail how Monarch (MON) found itself in a financial crisis and how the administrators propose to proceed.

Fleet:
(definitions)

Click below for photos:
MON-737-800 - 2017-09.jpg
MON-757-2T7
MON-757-Hed Kandi
MON-757-NEW LIVERY
MON-767-300
MON-767-31K
MON-787
MON-A300B4-605R - 2014-01
MON-A320
MON-A320 WITH SHARKLETS - 2014-08
MON-A321-231
MON-A321-231 - 2012-10
MON-A321-AT BIRMINGHAM-2014-04
MON-A321-JUN08
MON-A330-200
MON-A330-200 - 2014-08
MON-A330-200 - 2016-02.jpg
MON-A330-243

November 2017:

0 737-3YO (CFM56-3) (1357-23685, /87 F-GIXJ), LST (EUE) TIL 2002-04.

0 737-33A (CFM56-3) (1559-24028, /88 F-GIXK), RF (EUE) 2002-09.

1 737-35B (CFM56-3C) (23972, LY-SKA), EX-(N223DZ), AURELA WET-LSD 2012-07.

1 737-4YO (CFM56-3) (25178, OM-AEX), (ILF) LSD 2012-07, EX-(PK-GSI).

1 737-800 (CFM56-7B) (40874, G-ZBAV), EX-(TC-AAY), EX-(PGS) 2017-02.

30/15 ORDERS (2018-02) 737 MAX 8 (LEAP-1B):

3 757-2T7 (RB211-535E4) (24105 RF (DIR) 2001-12) (24104 LST (SPP) TIL 2000-04), (23770 LST (SPP) 2000-04) (15-22780, /83 G-MONB; 18-22781, /83 G-MONC; 19-22960, /83 G-MOND; 56-23293, /85 G-MONE; 125-23770, /87 G-DAJB; 170-24104, /88 G-MONJ; 172-24105, /88 G-MONK). 22780; 22781; 22960; 23293; RTND. 23770 LST (ISF) 2002-09. 235Y.

0 757-2YO (472-26151, EI-MON), RTND (GEF) 2002-11, LST (TIU).

0 767-31KER (CF6-80C2B1F) (657-28865, /97 G-DIMB), (GUE) LSD 2005-05. RTND. 326Y.

0 767-33A (CF6-80C2F) (561-27377, /94 I-DEIC), (ALI) WET-LSD 1995-07. RTND.

0/0 ORDERS (2013-?) 787-8T7 DREAMLINER (TRENT 1000-A), 270Y, 6/4 ORDERS CANCELLED:

0 DC-10-30 (CF6-50C2) (348-48266, /84), EX-(ZMB), MAINT AT (MON) MANCHESTER, RTND SKY LEASING 2001-11. SCRAPPED. 361Y.

0 A300B4-605R (CF6-80C2A5) (540, /89 G-MONR; 556, /90 G-MONS; 604 /91 G-MAJS; 605, /91 G-OJMR - - SEE PHOTO - - "MON-A300B4-605R - 2014-01"), ALL RETIRED IN 2014-04. 361Y.

2 ORDERS (2012-04) A320-200, (BER) LSD:

3 A320-212 (CFM56-5A3) (379, /92 G-MPCD; 389, /94 G-OZBB; RF (ATZ) 2001-05. 446 RTND (ILF) 2001-11. 389 WET-LST (ZOM), 2002-12. (391, /93 G-MONW; 392, /92 G-MONX), (GEF) LSD. 389 RF (ZOM) 2003-04. 391 RTND (DEA) 2004-10. 174Y.

0 A320-212 (CFM56-5A3) (446), EX-(VLR), (AWW) LSD 2005-02. RTND. 174Y.

2 A320-214 (1081, G-MRJK; 1370, G-OZBK), EX-(PH-BMC & PH-PMD),(EX-(DUT), AIRCASTLE (CSL) LSD 2005-03. 180Y.

1 A320-214 (3278, G-ZBAT), EX-(PR-MHO), (SMBC) AVIATION CAPITAL LSD 2015-12.

1 A320-214 (5581, G-ZBAB), EX-(F-(WWIY), (TCI) LSD 2013-04. 180Y.

4 A321-231 (V2533-A5) (864, /98 G-OZBL; 1045, /99 G-OZBM; 1153, /99 G-OZBN; 1207, /00 G-OZBO; 1794, /02 G-OZBR), EX-(SPR), (DEA) LSD 2008-02. 220Y.

11 A321-231 (V2533-A5) (983, /99 G-MARA; 1015, /99 G-OJEG; 1707, /02 G-OZBE - - SEE PHOTO - - "MON-A321-2008-06;" 1763, /02 G-OZBF; 1941, /03 G-OZBG; 2105, G-OZBH; 2234, G-OZBI, 2004-06). 220Y.

0 A321-231 (V2533-A5) (1202, G-OZBD), (SIL) 3 YR LSD, RTND 2003-05. 220Y.

1 A321-231 (V2533-A5) (1413, G-ZBAH), (SIL) LSD. 220Y.

1 A321-231 (VB2533-A5) (1428, G-OZBS - - SEE PHOTO - - "MON-A321-231 - 2012-10;" 1433, G-TTIB), (GEF) LSD, 220Y.

1 A321-231 (V2533-A5) (2730, G-ZBAF; 2793, G-ZBAG), EX-(5B-DCO & 5B-DCP), (ILF) LSD 2013-04. 220Y.

2 A321-231 (V2533-A5) (5582, G-ZBAD; 5606, G-ZBAE), (GCP) LSD. 220Y.

2 A330-243 (TRENT 772B-60) (261, /99 G-SMAN; 265, /99 G-EOMA), ATLANTIC AVIATION LSD. 51PY, 323Y.

0 A330-243 (TRENT 772B-60) (427, G-OJMB), (JMA) WET-LSD 2003-02, RTND. 45C, 309Y.

0 L-1011-1 (1051), (AID) WET-LSD (BACK-UP APL) TIL 2000-11.

Management:
(definitions)

Click below for photos:
MON-1-IAIN RAWLINSON-CHMN
MON-2-ANDREW SWAFFIELD-2014-02
MON-3-RICHARD MINTERN-COO-2010-07
MON-4-SIMON TUCKER-CFO-2008-06
MON-4-SIMON TUCKER-GRP FIN DIR-2010-03
MON-5-PAULINE PROW-GRP HR DIR-2010-05
MON-6-NILS CHRISTY-FLT OPS DIR-2008-06
MON-7-BRONWEN PHILPOTT-HR DIR-2008-06
MON-8-LEE BURGESS - 2011-11

SIR ROY MCNULTY, NON-EXECUTIVE CHAIRMAN.

ANDREW SWAFFIELD, MANAGING DIRECTOR, EX-(BAB)/(JAM)/(GUE) (2014-04).

RICHARD MINTERN, CHIEF OPERATING OFFICER (COO), THE MONARCH GROUP (2010-07).
Richard has many years of experience in the travel and aviation industries, having previously held positions at Britannia Airways (BRI) and British Aerospace (B Ae) before joining Monarch (MON), holding various positions within both Engineering and Operations. Since 1998, Richard has been responsible for all aspects of Information Technology (IT) & Communications, including joint responsibility for developing e-commerce opportunities through monarch.co.uk. In 2006, Richard became Group Chief Information Officer (CIO) responsible for all aspects of information technology (IT) across the Monarch Group, including Monarch Airlines (MON), Monarch Aircraft Engineering Limited, First Aviation, Cosmos, Avro, Cosmos Tourama and Archers Direct. In November 2008 Richard was appointed to the position of Managing Director, Monarch Aircraft Engineering Ltd and Technical Director, Monarch Airlines, before being promoted to his current role of Chief Operating Officer for the Monarch Group in July 2010. Richard is today responsible for overseeing the business performance of all Group divisions.

BARRY NIGHTINGALE, GROUP CHIEF FINANCIAL OFFICER (CFO) (2015-01).
Barry is a former (CFO) of the Betfred Group.

LAURIE DIFFEY, GROUP TECHNOLOGY DIRECTOR (2009-02).
Laurie has worked in Information Technology (IT) for over >20 years across a number of industries. Having spent the 1990s in various consultancy roles, Laurie spent four years in Auckland as Head of (IT) for Air New Zealand (ANZ)’s low cost subsidiary Freedom Air. Laurie joined Monarch in 2004, working in several (IT) posts until his appointment to the board in February 2009. Laurie is responsible for all aspects of information technology (IT) across the Monarch Travel Group.

SIMON TUCKER, GROUP FINANCE DIRECTOR (2010-03).
Simon Tucker joined the Monarch Group in March 2010 as Group Finance Director. He had previously been Finance Director at the Telegraph Media Group and Chief Financial Officer (CFO) at Opodo. Having also held a number of financial and Commercial Director positions within (IATA), Thomas Cook and Hertz, Simon brings more than >20 years experience in the travel industry to his role at Monarch (MON).

MS PAULINE PROW, GROUP HUMAN RESOURCES (HR) DIRECTOR (2010-05).
Pauline is responsible for all aspects of (HR) for all the businesses within the Monarch Group. She joined Monarch (MON) in June 2009 initially as (HR) Director for the Airline and Engineering businesses moving to the expanded Group (HR) Director role in May 2010. Prior to joining Monarch (MON), Pauline had spent 30 years in the automotive sector with General Motors (GM), where she held a range of senior (HR) Management positions within the warehousing, manufacturing and corporate divisions both in the (UK) and Europe.

CAPTAIN NILS CHRISTY, DIRECTOR FLIGHT OPERATIONS (Nils.Christy@Monarch-Airlines.Com).

CAPTAIN PETER MARTIN, MANAGER FLIGHT OPERATIONS (2003-03).

CAPTAIN MARTIN POUND, CHIEF PILOT (Martin.Pound@Monarch-Airlines.Com).

CAPTAIN M DUDLEY, 757 FLEET CAPTAIN (2003-03).

ALAN BOOTH, FLIGHT SAFETY OFFICER.

JONATHAN CRICK, DIRECTOR SALES & MARKETING SCHEDULED OPERATION.

MICHAEL DOVEY, DIRECTOR COMMERCIAL PLANNING.

MS BRONWEN PHILPOTT, DIRECTOR PERSONNEL.
Bronwen joined Monarch Airlines (MON) as Director Personnel in 1999 from Britannia Airways (BRI). Born in Luton, she worked in Australia for several years. On her return to the UK, she held various personnel positions at Electrolux before joining Britannia (BRI) in 1988, where she was promoted to Personnel Manager. Bronwen is responsible for all aspects of staffing, including recruitment, training, health and safety, policy development and employee welfare.

JAMES MASSEY, MARKETING MANAGER.


MONARCH AIRCRAFT ENGINEERING LTD (MAEL):
Employees: 900 Engineering (MT) staff.

CHRIS DARE, MANAGING DIRECTOR (MAEL) (2016-07).

PHIL HALL, QUALITY & SAFETY MANAGEMENT DIRECTOR.

LEE BURGESS, HEAD SALES & CAPACITY PLANNING (2011-11).

DEREK GIBSON, COMMERCIAL DIRECTOR (2003-03).

MS JULIE PHILPOTT, TECHNICAL SERVICES MANAGER (2000-09).

MIKE AINSWORTH, LINE & OUTSTATIONS MANAGER (2000-06).

JOHN BURGESS, MAINTENANCE PLANNING MANAGER.

MICK ADAMS, BASE MAINTENANCE MANAGER (1996-04).

PAUL IBBOTT, QUALITY MANAGER (2003-03).

TONY MATHER, DESIGN & PROJECTS MANAGER.

 
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