Monarch Airlines: Insolvency

(asked on 21st December 2017) - View Source

Question to the Department for Transport:

To ask Her Majesty's Government whether they intend to investigate the interest rates set on loans from shareholders to Monarch Airlines Group and determine whether those rates were reasonable in terms of protecting the rights of creditors, employees, pensioners and other stakeholders.


Answered by
Baroness Sugg Portrait
Baroness Sugg
This question was answered on 9th January 2018

The Insolvency Service’s enquiries into the insolvency of Monarch are ongoing and it continues to liaise with the administrators and the Civil Aviation Authority (CAA) to establish the facts surrounding the administration of Monarch Airlines Group.

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