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Monarch turbulence over as licences renewed
12 October 2016 @ 13:50

 

Monarch has secured a £165m investment from its biggest shareholder, enabling it to continue operating for at least the next 12 months.

It said the money from Greybull Capital meant it had secured crucial new licences, ahead of a deadline of Thursday night, removing the chance of its fleet being grounded.

The airline had been forced to deny last month that it was in financial trouble - blaming "negative speculation" for the rumours.

Read more here >>>: Skynews 

 

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