October 6th, 2017 / Insight posted in Newsletters

Recovery Matters – Autumn 2017

The end of a Monarchy

Ian Robert, partner at Kingston Smith & Partners LLP, welcomes you to the Autumn edition of Recovery Matters.

When Monarch airlines finally went into administration on Monday 2 October, it should have been no surprise. From a personal perspective, it’s a sad day as I have used them for over 20 years, but not over the last three years because this had been on the cards.

Last year Monarch received a last minute investment which gave it a period of grace, but with worsening market conditions, it was just a question of time.