Monarch Airlines has cancelled all of its flights from the UK after going into administration.
The Civil Aviation Authority (CAA) has chartered more than 30 aircraft to bring 110,000 Monarch customers back to the UK over the next fortnight, while around 300,000 future bookings have been cancelled.
Monarch collapsed after a sustained period of trading losses, as well as “mounting cost pressures and increasingly competitive market conditions”, joint administrator Blair Nimmo said.
Britain’s fifth-biggest airline was granted a 24-hour extension to its tour operator’s licence on Saturday, but was unable to secure a fourth temporary extension in four years a day later.
Source: Sky News