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Monarch Airlines: Insolvency

Department for Transport written question – answered on 12th March 2019.

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Photo of Lord Myners Lord Myners Non-affiliated

To ask Her Majesty's Government, further to the Written Answer by Baroness Sugg on 28 February (HL13791), how much of the cost to the taxpayer of repatriating customers of Monarch airlines to the UK has been met by the owners or associates, including Greybull Capital, of the airline.

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

To date the Government has not received any payment from Greybull or Monarch’s investors. The administration of the Monarch group of companies continues and the Government is finalising contributions from the travel industry. We are grateful for the companies that have contributed to the costs of repatriating their customers, demonstrating their corporate social responsibility.

Following on from the experience of Monarch, the Secretary of State for Transport commissioned an independent Airline Insolvency Review which is expected to report by spring 2019.

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