Monarch Airlines: Insolvency

(asked on 2nd July 2018) - View Source

Question to the Department for Transport:

To ask Her Majesty's Government what progress they have made in (1) seeking recovery of the costs incurred in repatriating customers of Monarch Airlines to the UK, and (2) their negotiations with Greybull and its associates, the owners of the airline, in contributing to repayment to tax payers.


Answered by
Baroness Sugg Portrait
Baroness Sugg
This question was answered on 12th July 2018

I refer the noble Lord back to my previous response to his question on 25 April 2018 (HL7119). We are seeking to recover costs of the operation from several third parties, however a final position on cost recoveries is unlikely to be known until the completion of the administration, which may take several months. We are, of course, determined to ensure that as much of taxpayers’ money is recovered as possible.

The administrator, KPMG, has since published a progress report for the administration of Monarch Airlines Limited, which is freely available from http://www.insolvency-kpmg.co.uk. This report provides an interim update, which will inform our ongoing negotiation with Greybull.

We will in due course be able to report back with more detail.

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