Scroll back a few months, to October last year. Monarch, one of the UKs biggest holiday airlines, went bust. For a few days there was chaos: 110,000 people were stranded abroad; hundreds of thousands more, who had booked and paid for future departures, were left without tickets. The CAA, to its credit, and at a cost of £60million, intervened and arranged to fly back all the stranded passengers, even those who werent technically entitled to free repatriation.
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Monarch was the biggest failure in British aviation history, but collapsing airlines have been a problem for decades. The first one I wrote about was Air Europe in 1991. Since then …
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