(Tiper Stock Exchange) – Monarch Airlines’ relaunch operation has come to a haltdue to depletion of funds, as explained in a note by the airline’s board of directors, adding that “the company is looking for alternative solutions, such as partial transfer of the share capital”. Monarch Airlines went bankrupt in 2017.
The carrier, after presenting the new logo and the new livery, had planned to return to operations by mid-2024, with a small fleet of Airbus A320s.