5,000 signatures reached
To: The Goverment
Save Monarch Airlines
We request that Monarch Airlines receive a loan from our goverment.
Last week Air Berlin went into administration but following a loan from the German government they are able to continue to trade.
Monarch airlines went into administration today Monday 2nd of October. 10's of millions of pounds have been spent on hiring Qatar airline to repatriate stranded passengers. We ask our goverment to instead provide a loan to Monarch.
The only people who win with Monarch ceasing trading are the CEO's of competitor airlines. Everybody else loses out. We lose one of the UK's oldest and most loved airlines.
Monarch is a sound business with an excellent reputation. In 2015 following a reorganisation they showed a substantial profit. The effects of Brexit uncertainty, loss of value of the pound and their routes affected by terrorism, are short term issues. We believe it makes sense to protect the business with a loan with stipulations. It's bad luck they have faced and not a bad business model.
With Monarch ceasing we face thousands of job loses of highly experienced people, hundreds of thousands disrupted travel plans and increased costs for our short haul travel.
We ask the government to make an initial interest free loan, and as they did with RBS Natwest, take a stake of Monarch. We expect in due course that the tax payer will benefit.
Why is this important?
We request that Monarch Airlines receive a loan from our goverment.
Last week Air Berlin went into administration but following a loan from the German government they are able to continue to trade.
Monarch airlines went into administration today Monday 2nd of October. 10's of millions of pounds have been spent on hiring Qatar airline to repatriate stranded passengers. We ask our goverment to instead provide a loan to Monarch.
The only people who win with Monarch ceasing trading are the CEO's of competitor airlines. Everybody else loses out. We lose one of the UK's oldest and most loved airlines.
Monarch is a sound business with an excellent reputation. In 2015 following a reorganisation they showed a substantial profit. The effects of Brexit uncertainty, loss of value of the pound and their routes affected by terrorism, are short term issues. We believe it makes sense to protect the business with a loan with stipulations. It's bad luck they have faced and not a bad business model.
With Monarch ceasing we face thousands of job loses of highly experienced people, hundreds of thousands disrupted travel plans and increased costs for our short haul travel.
We ask the government to make an initial interest free loan, and as they did with RBS Natwest, take a stake of Monarch. We expect in due course that the tax payer will benefit.
