Monarch Holdings | monarchholdingslimited.com
Monarch is an aviation company that provides charter and scheduled airline services.
MONARCH HOLDINGS CEO
How would you rate Andrew Swaffield as a CEO?
What is Monarch Holdings's revenue?
How many people work at Monarch Holdings?
Followers on Owler
Monarch Holdings was founded in 1961 and its headquarters is located in Bedfordshire, England, GB. Monarch Holdings has $1.0B in revenue and 3 employees. Monarch Holdings' top competitors are British Airways, EasyJet and Ryanair.
|COMPANY||LEADERSHIP||CEO SCORE||TOTAL FUNDING||LIKELY OUTCOME|
Chairman & CEO
Coming soon with Owler Pro!
If you'd like to learn more, please contact us at firstname.lastname@example.org
Coming soon with Owler Pro!
If you'd like to learn more, please contact us at email@example.com
Since Monarch Holdings was founded in 1961, it has participated in 1 round of funding. In total Monarch Holdings has raised $202.5M. Monarch Holdings' funding round was on Oct 2016 for a total of $202.5M
|Monarch Holdings: Saga restructures travel unit in wake of December warning over Monarch Airlines collapseSaga PLC (LON:SAGA) has restructured its travel business around a month after the over-50's tourism and insurance group revealed that its tour operations had been hit by the collapse of Monarch Airlines. In a statement, the FTSE 250 listed firm said that Robin Shaw, previously CEO of Saga Cruises , has been appointed CEO of Saga Travel, heading both the tour and cruise operations. READ: Saga plunge after profit warning raises questions of trust for over-50's insurance and travel group The company said Jeannette Linfoot, managing director of its tour operations left the business at the end of December. It also announced that Gary Duggan, who joined Saga Services in September this year as its CEO designate, will take over from Roger Ramsden as head of the retail brokerage. The group said Ramsden will leave the business in Q1 2018 after completing a phased handover to Duggan. Saga CEO Lance Batchelor said: "These changes provide us with a more focused executive team as we target and invest in growth in the Saga customer base to achieve our long-term ambitions." In trading update in December, Saga warned that its tour operations business had been hit by the collapse of Monarch in October, an airline the firm used, leading to a one-off cost of about £2mln. As a result, Saga said it expected underlying pre-tax profit would rise by just 1%-2% in 2017 and fall by 5% in 2018. In early morning trading today, Saga shares were down 0.2% at 124.6p.Proactive Investors|
|Monarch Holdings: SKYCOP urges Monarch Airlines to cover passenger compensations with slot deal moneyAfter the biggest UK airline collapse in years, the administrator of the bankrupt Monarch Airlines has struck a deal with the International Airlines Group (IAG) over slots at Gatwick airport, valued by experts at over €68 million. The sale has sparked outrage among passengers left stranded or without holidays by the airline collapse, the majority [...]Global Travel Media|
|Monarch Holdings: Saga shares dive by 19% on profits warningThe firm says profits will be hit by the demise of Monarch Airlines and challenges in insurance broking.BBC|
|Monarch Holdings: Saga profits hit following the collapse of Monarch AirlinesShares plunge by 19 per centLondonLovesBusiness|
|Monarch Holdings: Monarch Airlines could compensate passengers with slot deal moneyAfter the biggest UK airline collapse in years just a month ago, the administrator of the bankrupt Monarch Airlines has struck a deal with IAG over slots at Gatwick airport, valued at over €68 million.AeroTime|
|Monarch Holdings: Wizz Air snaps up failed airline Monarch's landing slotsTake a lookLondonLovesBusiness|
|Monarch Holdings: IAG buys Monarch's slots, increases presence at Gatwick by thirdInternational Airlines Group (IAG), the owner of British Airways, is purchasing the London Gatwick airport slots from the administrator of the recently-bankrupt UK carrier Monarch Airlines.AeroTime|
|Monarch Holdings: EasyJet to benefit from collapse of Monarch and Air Berlin, says Societe Generale and KeplerEasyJet PLC (LON:EZY) will benefit from the recent bankruptcies of rivals Air Berlin and Monarch, according to analysts at Societe Generale and Kepler. Societe Generale (SocGen) and Kepler both upgraded the stock, citing lower competition for EasyJet at its main UK airports following the recent sector consolidation. EasyJet has agreed to buy some of Air Berlin's assets at Berlin Tegel Airport, including landing slots and leases for up to 25 A320 aircraft, for €40mln. SocGen raised its rating to 'hold' from 'sell' and raised its target price to 1,400p from 1,050p, saying: "While this deal will burden profits in fiscal year 2018 (EasyJet expects a total £160m loss) and distort numbers in the short term, it could turn out to be highly beneficial from 2019 onwards: air passenger numbers in Berlin are structurally growing, the airport system will be slot constrained for many years to come, and the UK business share comes down further." Air Berlin filed for insolvency in August after its main shareholder Etihad declared it would not be providing further financial support. Outlook improving after exit of Monarch and Air Berlin Monarch collapsed in October, leading to 1,858 workers being made redundant and the flights and holidays of about 860,000 customers being cancelled. EasyJet had expressed interest in buying Monarch's take-off and landing slots at London's Gatwick airport but British Airways owner International Consolidated Airlines Group PLC (LON:IAG) has trumped competitors with its bid. Kepler, which lifted its rating to 'buy' from 'hold' and increase its target price to 1,551p from 1,300p, said even if competitors took over Monarch's slots would be unlikely they could fully replicate EasyJet's network. "Berlin Tegel is set to become easyJet's second-most important airport, with an estimated contribution of circa £40mln a year to pre-tax profit as of 2019, and allow the group to improve brand perception in Germany," Kepler said. "We see good chances that the company could get attractive slots at other relevant Air Berlin airports as well (e.g. in Zurich), which would allow it to improve its product in Switzerland." SocGen said with Monarch and Air Berlin having exited the market the outlook may be improving. "Pricing has recovered in recent weeks, as reflected in EasyJet's optimism for the first half," it said. Last week EasyJet said revenue per seat growth at constant currency in the first half is expected to be "positive by low to mid-single digits". Brexit uncertainty But SocGen warned that even though the operating environment has normalised and recent competitor bankruptcies open new opportunities, the uncertainty around Brexit and the group's weak cash flows remain obstacles. "The operating environment for EasyJet has been normalising since the summer, after a deterioration in the security situation, starting in 2015, that badly hit EasyJet's destinations in Northern Africa, Egypt and Turkey, and in 2016, a plunge in the oil price and ticket prices, and Britain's vote to leave the EU which sent the pound to a seven-year low. "However, the upcoming months will be decisive on how Brexit will take place. Will there be a hard exit (without a treaty and transition period), or will it take place in a controlled manner or not at all - currently nothing seems to be excluded." The outcome of Brexit negotiations will be "decisive" for EasyJet as about a third of its capacities go to and from the UK, SocGen said. A hard Brexit, which would likely be followed by another slump in the pound and a macro-economic downturn, would be a "hard blow" for the whole sector and for EasyJet in particular as it has the highest UK outbound flight exposure, SocGen said. Shares in EasyJet rose 0.83% to 1,396.50p in morning trading.Proactive Investors|
|Monarch Holdings: Monarch Airlines' former customers, staff and business partners unlikely to recoup anythingMonarch Airlines' former customers, staff and business partners, who were left £466m out of pocket by its collapse last month, are unlikely to recoup anything. Administrators KPMG said the airline's owner, private equity firm Greybull Capital, is...Brief Report|
|Monarch Holdings: Monarch debts topped £466m when it collapsedMonarch Airlines owed customers, staff and suppliers more than £466m when it collapsed into administration at the start of October, according to a filing by KPMG on Friday evening.Such unsecured creditors are unlikely to recoup what they are owed, as the carrier also had higher ranking debts of £164m - which will soak up almost all of the cash administrators KPMG can recover from selling assets.The Joint Administrators' proposals revealed the airline group has three principal realisable assets: £27.8m of cash, take-off and landing slots - which are estimated to be worth £60m - and shares in Monarch's engineering business.KPMG estimated "the value is likely to break in the secured debt". This means it is thought the assets and cash are worth less than £164m. It also suggests former owner Greybull is likely to take a loss from its investment.The majority of senior debt is payable to Greybull. But sandwiched in between is £7.5m owed to the Pension Protection Fund (PPF), a legacy loan structured as part of the Monarch pension fund being jettisoned into the lifeboat in 2014.Read more: How Swiss billionaire tried to dump Monarch pension fund for less than £10mAs revealed by City A.M. on Wednesday, the PPF has crunched the numbers and believes it will receive at least part of the £7.5m owed to it.Insolvency rules mean a small amount of money must be set aside for the £466m of unsecured creditors. KPMG estimated this would total just £600,000, but that it would cost more in time and material expenses to recover such an amount.KPMG won a Court of Appeal ruling on Wednesday over the take-off and landing slots at Gatwick and Luton. The firm said it was "in the process" of completing the slots sale.The accountancy firm estimated its fees will total £5.2m, with expenses - which include legal and employee costs - set to top £9.9m.Read more: Revealed: How court ruling paves way for bumper Monarch pension payoutCity A.M.|
Screengrabs of how the Monarch Holdings site has evloved. (Click to expand)
Owler has collected 14 screenshots of Monarch Holdings' website since May 2014. The latest Monarch Holdings website design screenshot was captured in Nov 2017.
Monarch is an aviation company that provides charter and scheduled airline services. Monarch Holdings was founded in 1961. Monarch Holdings' headquarters is located in Bedfordshire, England, GB LU2 9NU. It has raised 202.5M in 1 round. The latest round was in Oct 2016. Monarch Holdings' primary investor is Greybull Capital. Monarch Holdings' CEO, Andrew Swaffield, currently has an approval rating of 64%. Monarch Holdings has an estimated 3 employees and an estimated annual revenue of 1.0B.
Visit the Monarch Holdings website to learn more.