Monarch Airlines: Insolvency

Department for Transport written question – answered on 9th January 2018.

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Photo of Lord Myners Lord Myners Non-affiliated

To ask Her Majesty's Government whether they intend to investigate the interest rates set on loans from shareholders to Monarch Airlines Group and determine whether those rates were reasonable in terms of protecting the rights of creditors, employees, pensioners and other stakeholders.

Photo of Baroness Sugg Baroness Sugg Parliamentary Under-Secretary (Department for Transport)

The Insolvency Service’s enquiries into the insolvency of Monarch are ongoing and it continues to liaise with the administrators and the Civil Aviation Authority (CAA) to establish the facts surrounding the administration of Monarch Airlines Group.

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