Why the sudden failure of Monarch?published at 05:45 British Summer Time 2 October 2017
BBC Radio 5 live
"Talks have been going on for a very long time between Monarch Airlines and rival airlines in a bid to come to a deal and that's been paralleled to Monarch speaking to the CAA to try and secure its Atol licence for its holiday divison," says airline analyst Alex Macheras, on Wake up to Money.
Those deal talks deteriorated three days ago, and the main bidders, Norwegian and Wizz decided to pull out, he said.