United Kingdom planes are ready to start flying stranded passengers if Monarch Airlines ends up going out of business. UK regulators have ten aircraft all set to go if people need to be picked up. Two of the planes are located at London Stansted Airport. There are over 100000 people that could be stranded if the airline goes under.
Key Takeaways:
- U.K. regulators have 10 aircraft ready to pick up Monarch Airlines Ltd. holidaymakers if the low-cost carrier halts flights, according to the Sunday Times.
- As many as 100,000 travelers could be stranded if Monarch halts flights, according to the Sunday Times. The closely held budget carrier is facing renewed financial pressures, after a last-minute rescue last year, prompting a strategic review and regulatory concerns about its future.
- The regulator plans to give daily updates on the carrier’s status under ATOL, a program that protects holidaymakers against operators’ financial failures.
“100,000 travelers could be stranded if Monarch halts flights”