Monarch Airlines has become the largest bankruptcy in UK aviation history. The airline decided to cease operations today, which will affect over 300,000 future bookings and potentially leaving over 100,000 current travelers stranded overseas! Monarch Airlines is recommending visiting monarch.caa.co.uk for more details if you are currently traveling with them.
The Civil Aviation Authority (CAA) said it had been asked by the UK government to charter more than 30 aircraft to bring passengers back to the UK. Over 3,500 employees will be affected also! In the age of deeply discounted flights and rising fuel prices, could Monarch be just the beginning?
Travel insurance should cover the cost of disruptions due to the collapse of an airlines. Those without travel insurance could get caught out and stuck overseas.
The Civil Aviation Authority (CAA) said it had been asked by the UK government to charter more than 30 aircraft to bring passengers back to the UK. Over 3,500 employees will be affected also! In the age of deeply discounted flights and rising fuel prices, could Monarch be just the beginning?
Travel insurance should cover the cost of disruptions due to the collapse of an airlines. Those without travel insurance could get caught out and stuck overseas.
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