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Monarch Airlines goes bust – 110,000 passegers stranded

monarchMonarch Airlines ceased all operations this morning, Monday, October 2nd, with the Civil Aviation Authority now working to repatriate over 110,000 stranded holidaymakers.

An estimated 300,000 bookings will not be honoured and creditors will be forming an orderly queue as the airline plunges so deeply into debt it may take some suppliers down with it.


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