Monarch Airlines ceases operations, flights cancelled - CAA

Monarch which has been in turmoil for more than a year is fighting to retain its air travel operator¿s licence

The extension means holidaymakers can purchase ATOL-protected trips from Monarch on Sunday - covering them on whatever date in the future their trip takes place.

"Our ATOL licence - for packaged holidays - is with the regulator".

'I know this is unsettling and we will try to end this uncertainty as soon as we can.

The Civil Aviation Authority (CAA) must decide by Sunday whether to extend the travel business's Air Travel Organiser's Licence (ATOL).

United Kingdom travel firms selling holidays and flights are required to hold an Atol, which protects customers with pre-booked holidays from being stranded overseas in the event of circumstances such as the company ceasing to trade.

Monarch has held discussions with several airlines over possible rescue deals, including Easyjet and Wizz.

Regulator the Civil Aviation Authority can deny an airline permission to do business if it believes it does not have enough cash to keep going

Monarch has refused to comment on speculations it will go under.

All Monarch flights from the United Kingdom have been canceled and won't be rescheduled, said accounting firm KPMG, which has been appointed to manage the airline's insolvency. 'Any changes to the forward schedule will be communicated to all customers'.

It is the second time in two years Monarch has been given a temporary extension to its licence.

The Atol renewal process is ongoing and the CAA will conclude the processing of applications from approximately 1,300 Atol holders in the next 24 hours.

"The CAA will provide a daily update with regard to the protection that is available to Monarch's customers".

Monarch's chief executive, Andrew Swaffield, reacted angrily last month to a suggestion made by Michael O'Leary, Ryanair's combative boss, that the British airline would struggle to make it through the winter.

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