I hope this whole sorry affair is dealt with tonight and everyone can have a bit of certainty one way or another. People seem to be suggesting that there are airlines that might come in to buy them out but, honestly, why would they? It would be much better for everyone else if they go into liquidation and buy up any assets at a rock bottom price rather than buying a going concern that is heavily in debt and has committed millions of pounds it doesn't have towards a new fleet that will require a complete flight deck crew renewal.
Greybull has been a disaster for Monarch who would have been better off closing down last year and not putting their faithful customers through this total mess. At the very least, why on Earth did they not just knock package holidays on the head and provide a bit of certainty to the rest of the operation? All they have done is drag themselves through the mire yet again. They won't recover this time. Ryanair is a massively successful, cash rich business and their nonsense this winter is going to cost them hundreds of millions of pounds. Monarch is neither successful nor cash rich and passengers will irreparably vote with their feet. Yet again, EasyJet must be laughing their heads off.
Interestingly enough, Greybull's Wikipedia page describes them as a 'Turnaround Specialist'. There are no words strong enough to describe how ill-deserved that title is and it is an affront to the many thousands of people who have lost their jobs as a result of this 'specialism'. I'd like to see someone from Greybull front up and take some accountability but history doesn't give me any confidence that will happen.
As for LBA (another entity owned by a capital investment firm that has no interest in financing the future), if Monarch does disappear, it will further expose just how badly the airport has done recently with building and maintaining partnerships with other airlines that would have been a far better addition in the long term. Going for that headline passenger figure has cost LBA long term stability. Yes, there may well be record passenger throughput this year but the cracks the figures have been papering over are getting bigger and bigger. No wonder the previous management jumped when they did.