The Future Of Monarch Seems A Bit Precarious

What I consider to be really inexcusable is that on the news tonight several people flying today phoned last night to check their flights and were told that they would definitely be ok. Not the fault of the operators they spoke to , but definitely deliberate lying by the overpaid management in charge

Quote: Sheldonboy wrote in post #4

---

They will be next. One way to stop too much fuel being used : close airlines dawn.

---

This may be a silly question. But I read the other day that £60 million has been spent on all sorts of other airlines to bring thousands of people back home. Why didn't they use the Monarch planes that are idling in the hangars and the Monarch crews that could do with a bit of casual.

Sounds sensible to me SB, but probably there is some ridiculous reason like "It would invalidate their insurance " or "Monarch could then charge them for the use of the planes", and KPMG, who I gather are handling the bankruptcy, and seem a particularly dubious lot of crooks, even for accountants, would object

The administrator is not licensed to operate an airline. That's why the company couldn't be handed over to the administrator until all the aircraft were on the ground.
This means they can't employ air crew for flying purposes.
The planes are most likely officially out of service as they won't have a current maintenance contract and no money for fuel.
Also, the administrator doesn't want to create any expenses except his own, which will suck up any remaining value.

Thank you

Yes thank you. Bet the last item is the most important reason

Good morning Mike, accountants are not your most favourite race then?

Just received this email.

Dear Sir/Madam
Avro Limited, Avro Aviation Limited, First Aviation Limited, MH Aviation Transport Limited, Monarch Holidays Limited, Monarch Travel Group Limited, and somewhere2stay Limited - Joint Administrators: Blair Nimmo, Jim Tucker & Steve Absolom

Monarch Holdings Limited & Monarch 2011 Limited - Joint Administrators: Blair Nimmo, Jim Tucker & Richard Beard
Monarch Airlines Limited – Joint Administrators: Blair Nimmo, Jim Tucker & Mike Pink

All in Administration (together the ‘Companies’)

We are writing to you to provide you with certain information as required by the UK insolvency legislation.

Blair Nimmo, Mike Pink, Steve Absolom, Richard Beard and I were appointed Joint Administrators of the Companies on 2 October 2017. Formal notices of appointment for each Company are available at www.kpmg.co.uk/monarch.

Customers and claims

Other documents available on the above website include information for customers in relation to any claims they may have and possible entitlements to refunds from other parties (depending on individual circumstances), repatriation information and questions and answers.

The CAA has also launched a dedicated website and call centre with information for all customers affected by the administrations. Their details are:

• UK call centre 0300 303 2800;
• International call centre +44 1753 330330.
• Website: monarch.caa.co.uk

It is not currently possible to forecast the outcome of the administrations, including any potential return to creditors, but we will provide creditors with our proposals for achieving the purpose of each of the administrations by 26 November 2017.

If you intend to claim any form of security, please write to us immediately and forward any relevant supporting documents.

Given the potentially high volume of creditor claims in the administrations, we are currently implementing a process to streamline the submission of claims by creditors. Further information on this process will be provided in our proposals to creditors referred to below.

We are reviewing the affairs of the Companies. If there are any matters relating to the Companies and its management that you wish to bring to our attention, please do so in writing as soon as possible.

Creditors’ rights

A guide explaining your rights under insolvency legislation in respect of administrators’ fees and expenses can be found on the Insolvency Portal at www.kpmg.co.uk/monarch.

Opting out of communications

It is now possible for a creditor to elect to opt out of receiving further documents relating to the insolvency proceedings.

We have placed a notice for each Company on the insolvency portal at www.kpmg.co.uk/monarch which confirms that opting-out will not affect your entitlement to receive dividends should any be paid to creditors. There are also certain documents that opted-out creditors will continue to receive as detailed on the notice.

We will place all circulars and reports to creditors on the Insolvency Portal without further notification to creditors. However, creditors who opt-out of receiving future correspondence would not receive notices of decisions we may ask creditors to consider in relation to the administrations.

We therefore do not envisage that creditors will receive significant volumes of correspondence from us. However, if you wish to become an opted-out creditor, please notify the Joint Administrators by email at monarchoptout@kpmg.co.uk or sign and date the opting-out notice for the relevant Company and return it to the Joint Administrators at 15 Canada Square, London, E14 5GL.

Creditors’ committee

The insolvency legislation provides for the establishment of a creditors’ committee to assist the administrators in fulfilling their duties. Throughout the course of our appointment creditors will be invited to consider whether a creditors’ committee should be established, provided sufficient creditors are willing to be members of the committee.

In order to enable creditors to make an informed decision, a guidance note on the formation of a creditors’ committee and the role of a committee member has been published and can be found at the following link:
https://www.r3.org.uk/media/documents/pu...0Committees.pdf
General use of website to deliver documents

The Joint Administrators will make all future reports and documents for creditors available for you to view and download on the Insolvency Portal www.kpmg.co.uk/monarch. With the exception of documents which we are required by legislation to send, we will not provide creditors with any further notification that these reports and documents are available for viewing on the Insolvency Portal regardless of whether a creditor has opted-out of receiving future correspondence or not. Reports will include:

■ our proposals which we will provide by 26 November 2017;

■ progress reports which we are required to produce every six months and which will be available to you to view and download within one month of the reporting period ie. one month after every six month period from the date of our appointment for the duration of the administrations;

■ our final progress report for each Company.

Should you require a hard copy of any report or other document currently, or in the future, available on the Insolvency Portal you should please contact us at:

■ monarchclaims@kpmg.co.uk, or on

■ 0800 015 2557 (UK Freephone) / +44 207 205 5395 (international), or in writing to

■ Monarch Airlines Limited – in Administration, c/o KPMG LLP, 15 Canada Square, London E14 5GL.


Yours faithfully
For the Companies– in Administration


Jim Tucker
Joint Administrator

The affairs, business and property of the Companies are being managed by the Joint Administrators

Blair Carnegie Nimmo is authorised to act as an insolvency practitioner by the Institute of Chartered Accountants of Scotland. James Robert Tucker, Michael Robert Pink, Richard James Beard and Stephen John Absolom are authorised to act as insolvency practitioners by the Institute of Chartered Accountants in England & Wales.
Monarch Airlines Limited (FCA reference number 493186) is an authorised representative of Rock Insurance Services (FCA reference number 300317) for non-investment insurance mediation. Monarch Airlines Limited is registered in England No 00907593. Registered office Prospect House, Prospect Way, London Luton Airport, Luton, Bedfordshire, LU2 9NU.
Monarch Holidays Limited (FCA reference number 492038) is an authorised representative of Rock Insurance Services (FCA reference number 300317) for non-investment insurance mediation. Monarch Holidays Limited is registered in England No 02098654. Registered office Prospect House, Prospect Way, London Luton Airport, Luton, Bedfordshire, LU2 9NU.
We are bound by the Insolvency Code of Ethics.


Company information
Joint Administrators: Blair Nimmo, Jim Tucker & Steve Absolom

Avro Limited
High Court of Justice, Chancery Chambers
Court Reference: 007258 of 2017
Registered number: 01779584

Avro Aviation Limited
High Court of Justice, Chancery Chambers
Court Reference: 007255 of 2017
Registered number: 03137129

First Aviation Limited
High Court of Justice, Chancery Chambers
Court Reference: 007245 of 2017
Registered number: 02783179

MH Aviation Transport Limited
High Court of Justice, Chancery Chambers
Court Reference: 007257 of 2017
Registered number: 01190110

Monarch Holidays Limited
High Court of Justice, Chancery Chambers
Court Reference: 007263 of 2017
FCA reference number 492038 as an authorised representative of Rock Insurance Services (FCA reference number 300317) for non-investment insurance mediation
Registered number: 02098654

Monarch Travel Group Limited
High Court of Justice, Chancery Chambers
Court Reference: 007260 of 2017
Registered number: 01205109

somewhere2stay Limited
High Court of Justice, Chancery Chambers
Court Reference: 007269 of 2017
Registered number: 02083982


Joint Administrators: Blair Nimmo, Jim Tucker & Richard Beard

Monarch Holdings Limited
High Court of Justice, Chancery Chambers
Court Reference: 007270 of 2017
Registered number: 01165001

Monarch 2011 limited
High Court of Justice, Chancery Chambers
Court Reference: 007256 of 2017
Registered number: 07779279

Joint Administrators: Blair Nimmo, Jim Tucker & Mike Pink

Monarch Airlines Limited
High Court of Justice, Chancery Chambers
Court Reference: 007261 of 2017
FCA reference number 493186 as an authorised representative of Rock Insurance Services (FCA reference number 300317) for non-investment insurance mediation
Registered number: 00907593

Plane and simple then