Monday, November 27, 2017

Monarch owed £466m at time of collapse - but holidaymakers unlikely to see any of it

The report into the airline's main subsidiary Monarch Airlines Ltd by administrators KPMG showed there is just £600,000 available to repay the unsecured creditors, ... KPMG said: “As the secured creditors will likely suffer a shortfall, there is no real prospect of a return to unsecured creditors in any of the ...
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