Question to the Department for Transport:

To ask Her Majesty's Government whether they asked Greybull Capital, or any other secured creditor of Monarch Airlines, to subordinate their security to grant precedence to HM Government in respect of costs incurred by the taxpayer in repatriating customers of Monarch Airlines.

There is no formal legal mechanism we can use to oblige Greybull to contribute towards the cost of repatriating passengers. However, Marc Meyohas, partner at Greybull has written^[1] to the Transport Select Committee acknowledging a moral obligation (if they make a profit) to contribute to other stakeholders including helping to defray the costs incurred by the Government in repatriating Monarch customers.

We have entered into discussions with several third parties, including relevant card providers and travel providers through which passengers may have booked flights, with the aim of recovering the costs of the repatriation operation and will in due course be able to report back with more detail.

We are focused on making sure that there is clear burden sharing of the repatriation operation, and that it is not only the government who pays.

^[1] http://www.parliament.uk/documents/commons-committees/transport/Response-from-Greybull-Capital-LLP-to-Chair-re-Monarch-Airlines-collapse-24-10-2017.pdf