Monarch Airlines Denies Rumors of Collapse, Ensures Operations Will Continue

On Monday morning, Monarch Airlines denied rumors that surfaced over the weekend detailing a possible financial collapse of the UK based carrier. Part of the reason these rumors surfaces is because Monarch's CAA license is due to expire and part of the recertification process is proving that the carrier is financially sound. These financial talks went longer than expected, causing some concern. Monarch announced that there will be a "significant investment" made in the near… (www.bbc.com) More...