'%20id='ico-down'%20stroke='%23000000'%20stroke-width='1.5'%3e%3cg%20transform='translate(1092.250000,%20254.750000)'%3e%3cpolyline%20id='Path-2-Copy-4'%20transform='translate(5.500000,%202.750000)%20scale(1,%20-1)%20rotate(-180.000000)%20translate(-5.500000,%20-2.750000)%20'%20points='0%200%205.5%205.5%2011%200'%3e%3c/polyline%3e%3c/g%3e%3c/g%3e%3c/g%3e%3c/svg%3e){kind=small}
Monarch 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.
———–
© algarvedailynews.com
The above content produced by algarvedailynews.com is not intended for commercial use and may not be republished by third parties either wholly or in part unless permission is sought and granted and the source credited.
——————-