Founded in 1967, Monarch Airlines was the oldest British carrier to have not changed its name. The firm had flights through the Eastern Mediterranean, with service to Egypt, Cyprus and Greece. There had been rumor that the company was on shaky ground earlier this year only to totally collapse over night, stranding 110,000 overseas, canceling another 300,000 passenger reservations and leaving 2,100 not needing to show up for work today.
Boeing had been trying to help prop them up with a restructured deal to buy and lease back 30 new 737’s with the option to buy 15 more- Here
It certainly would be annoying to be stuck in Sphincteropolis waiting for a connecting flight on an airline that doesn’t exist any more.
…….never heard of that airline.
HEADLINE: Airline does one last shitting thing on its last day of existence.
Sphincteropolis? Izzat a city in Turdistan?
Oh they are gonna get bad reviews on Yelp!
Probably had to kick a passenger off their last plane. Better to fold then to deal with the backlash from Twitter and Facebook.
I was in Maui in 2001 when a Canadian airliner named Air 360 went belly up with about 2,000 people on the island.
The first 600 people to make it to the airport got a flight back to the 360 headquarters in Toronto as they brought their jets back to their hub.
All their other passengers had to buy expensive tickets on other carriers and make their own way to the homeland.
Stuck in Hawaii. Is that really such a bad thing?
Airlines are well known to be the poster children of bad business models – and when a business fails, as inconvenient and disastrous as it is, the alternative to failure is always exponentially worse.