Monarch Airlines is eyeing up a number of struggling European rivals as its owners weigh ambitious growth plans for the low-cost carrier.
It is understood the airline has shortlisted a handful of potential takeover candidates on the Continent, as part of a wide-ranging strategic review undertaken by Greybull, the investment firm that saved it from collapse less than two years ago.
City sources said Monarch has looked at Air Berlin, TuiFly, and Thomas Cook Airlines, as well as a budget airline in Spain, as possible bid targets.
Greybull is assessing several different options as part of its review of Monarch, from potential acquisitions to mergers, as well as a potential sale to a bigger player. Greybull rescued Monarch from certain b…
Read the full article at: http://www.telegraph.co.uk/business/2016/04/16/monarch-draws-up-list-of-european-airlines-for-possible-takeover/