Monarch Airlines, the UK low-cost carrier and tour operator, has been placed in administration, leaving 110,000 holidaymakers stranded overseas and resulting in the cancellation of 300,000 future bookings.
The government has asked the Civil Aviation Autrhority to charter more than 30 aircraft to bring Monarch Airlines customers overseas back to the UK in what it described as the biggest ever peacetime repatriation.
Administrators from KPMG were appointed in the early hours of Monday morning after the airline and regulators held emergency talks over the weekend over Monarchs future.
All flights operated by Monarch Airlines and all future holidays booked with Monarch Travel Group have now been cancelled, KPMG said.
Monarchs collapse…
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