Rivals circling to snatch landing slots
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