Tag: KPMG

UK Court Restores Monarch Slots to Administrators

Reading Time: 2 minutes The administrators of insolvent UK leisure carrier Monarch Airlines have won their legal appeal to keep possession of some of the airport slots previously held by the carrier. The ruling by the UK Court of Appeal in London overturns a lower court’s ruling earlier this month that Monarch’s slots should be returned to the slots […]

Monarch Loses Battle to Retain Valuable Slots

Reading Time: 1 minute Having ceased trading last month, Monarch Airlines (MAL) is in the process of ‘losing’ its most valuable asset, runway slots, which its administrators had hoped to exchange with other carriers in a bid to raise cash for its creditors. The problem lies in the fact that Monarch does not own the take-off and landing slots, […]