(Luton, UK – 30 September 2016) Monarch has successfully concluded discussions with the Civil Aviation Authority (“CAA”) to extend its ATOL licence, for which it thanks the CAA. The company has also received significant further investment from shareholders and is close to announcing the largest investment in its 48-year history.
Monarch continues to fly and looks forward to welcoming customers on board.
Andrew Swaffield, Chief Executive Officer of The Monarch Group, commented:
“I am delighted that we have been able to come to an agreement with the CAA on the extension of Monarch’s ATOL licence and am excited about the additional capital coming into the group which will help us fund our future growth. I am immensely proud of the professionalism of the Monarch team.”