+++ According to Companies House, Andrew Swaffield's new firm Alcedo Consulting Services (named after his Polo team -and a Kingfisher bird species...) was established yesterday, with Swaffield listed as one of the directors.The second director, is his live-in partner William Low,51.
+++ Monarch Airlines ceased trading on Monday, with chief executive Swaffield telling the BBC's Today programme earlier that it was a "heartbreaking day", but the airline was facing an annual loss of over £100m.
+++ Although heartbroken, Mr Swaffield still found time, sitting in his old office, to set up his future business!
Monarch Airlines, the UK's fifth largest airline has collapsed and has been put into administration, and has immediately ceased trading.
Julian Bray will be live on BBC5Live, BBC Scotland, BBC World Service, BBC News and individual BBC Local radio stations at various times from 9 am this morning.
Meanwhile on the first day of the Conservative Party Conference, the Department of Transport has unusually asked the Civil Aviation Authority [CAA] to extend (for two weeks) to none ATOL clients, rescue plan to return some 110,000 passengers (currently abroad) at some 40 world destinations to the UK, at the end of their booked holiday period.
Monarch passengers (ie individual flyers and those not protected by the ATOL/CAA bonding scheme) are now also to be short-term covered by a CAA/ATOL rescue package, and those not within the ATOL bonding scheme will for the next 2 weeks only have their repatriation flight funded by the UK Department of Transport. ·
So far over 30 charter aircraft have been secured by the CAA, who have also launched a helpline on
0300 303 2800
and a CAA / Monarch website at
Julian Bray Broadcaster Aviation Expert says. This is one of the largest UK airlines to 'suddenly' collapse. A KPMG administrator Blair Nimmo speaking on BBC News said: "There is no prospect of the airline being sold as a 'going concern' as it has been offered for sale for some months now."
The collapse comes immediately after Monarch managed to extend its ATOL 'holiday' flight licence, and the airline announced it would in future concentrate on its long haul business, selling off its short haul interests.
In the early hours of Monday morning KPMG administrators were called in by the board. Some 300,000 future Monarch clients will now have to talk to their travel agents, travel insurance firms in order to establish if they will be refunded any, all or part of their costs.
Monarchs operational base at Luton will see a flurry of activity as officials will seize and secure Monarch aircraft as they land, physically attaching a writ to the aircraft and placing an airport tug on its nosewheel, so the aircraft cannot be moved.
As soon as all Monarch flights landed safely overnight, the airline effectively lost its Operating Licence and insurance cover. It was only then the Administrators, could be appointed and start the formal process.
All Monarch clients are advised to contact the CAA website and helpline. Some 2,100 Monarch employees have effectively now lost their jobs, and they will be told this by the administrators at a mass meeting starting at 9am in Luton. Staff were emailed at 3am this morning, by the new administrators.
NOTE: All customers who have paid (all or part of the total invoice, but a credit card debit amount of over £100**) using a credit card or VISA Debit Card can ADDITIONALLY apply to the credit card company directly for a possible refund under the UK Consumer Credit Act Section 75, or a 'voluntary' chargeback arrangement for debit card holders.
** say your invoice is for £3,000, and you pay say £150 using your credit card, as its over a £100 payment you can then claim the FULL £3,000 directly from the credit card company citing Consumer Credit Act: Sect 75, even though in our example, the balance £2,850 of the invoice was paid in cash! You will also have a possible claim against the travel agent who accepted the original booking.
Once the company entered insolvency, the Air Operating Certificate it needs to be able to fly was effectively suspended, which is why all outbound flights were cancelled with immediate effect.
This includes all those whose trip is not specifically covered by ATOL protection. The CAA has provided funding to enable the Group to retain a number of employees to assist us with the provision of this information.
JULIAN BRAY +44(0)1733 345581, Journalist & Broadcaster, Aviation Security & Airline Operations Analyst/expert ... Travel & Holiday Guru www.aviationcomment.com, ... http://www.freelancedirectory.org/user.php?user=8121 ... www.freelancedirectory.org?name=Julian.Bray.aviation.comment, ... Aviation / Travel / Maritime & Cruise Industries, NUJ, EQUITY, LIVE ISDN LINK, Broadcast ISDN COOBE ++44 (0)1733 345020 ... SKYPE: JULIAN.BRAY.UK e&oe Old faithful NOKIA: 07944 217476