Ri­vals cir­cling to snatch land­ing slots

The Press and Journal (Aberdeen) - - NEWS -

Ri­vals have be­gun cir­cling the car­cass of col­lapsed air­line Monarch in the hope of bag­ging its land­ing slots as the firm’s ad­min­is­tra­tor pre­pares to carve up its as­sets.

The likes of easyJet, Wiz­zAir, Nor­we­gian Air Shut­tle and Bri­tish Air­ways owner IAG are un­der­stood to be mulling moves for the car­rier’s slots in Manch­ester, Gatwick, Birm­ing­ham, Lu­ton and Leeds-Brad­ford.

It comes af­ter Monarch’s pri­vate eq­uity owner Grey­bull called in ad­min­is­tra­tors to the firm in the early hours of yes­ter­day.

Grey­bull cited a highly com­pet­i­tive mar­ket, ter­ror­ism and the col­lapse in the value of the pound

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