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keesje
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Posts: 10116
Joined: Thu Apr 12, 2001 2:08 am

Looking what happens to Air Berlin, who will buy Monarch?

Thu Oct 12, 2017 4:25 pm

There's a solid airline for sale.

- A strong leisure driven network from one of Europes biggest markets.
Image

- 35 A320's including everything, pilots, support.
- 737MAX order, although it's unclear who paid what.

I can't imagine Easyjet isn't looking at this.The leisure market is stronger then ever before, Airbus is sold out for years.

Of course drastic reorganization is required. But you can't wait too long though the company is already disintegrating. Who needs an A320 / pilot?
https://www.theguardian.com/business/2017/sep/19/ryanair-offers-pilots-12000-bonus-to-tackle-cancelled-flights-fiasco
"Never mistake motion for action." Ernest Hemingway
 
Newbiepilot
Posts: 1965
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Re: Looking what happens to Air Berlin, who will buy Monarch?

Thu Oct 12, 2017 5:31 pm

I feel that Jet2's expansion really hurt Monarch, especially when they started flying from London. Jet2 has been expanding rapidly and has over 50 737s by now. I expect they'll be going heavily after the markets and passengers that Monarch had. I doubt they have any interest in A320s or any shreds of Monarch. You have TUI, which are also a 737 operator and has a vast network of affiliates to move capacity and airplanes around if needed. Thomas Cook has a similar fleet to Monarch, but I don't know if they are in the financial position to expand or have interest.

In short, there's plenty of options for the UK holiday crowd already. The pilots can easily find work elsewhere. The A320/A321 has a robust used market, so the planes will likely end up sold within a year.
 
GianiDC
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Re: Looking what happens to Air Berlin, who will buy Monarch?

Thu Oct 12, 2017 5:36 pm

I don´t think there is anybody buying Monarch. There isn´t much to buy as the airline doesn´t really exists/fly anymore in contrast to AB. The planes are being returned to the lessor and I read some companies already recruit former Monarch crews.
 
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shamrock350
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Re: Looking what happens to Air Berlin, who will buy Monarch?

Thu Oct 12, 2017 5:39 pm

Nobody.

It was up for sale for a year and nothing happened. The rumours of IAG, easyJet and Wizzair sniffing around only appeared in the days leading to Monarch's demise and clearly weren't serious enough to save the airline.

As of now, not much exists of Monarch, the fleet was leased and is returning to lessors, staff are hopefully finding new jobs at other carriers and pretty much everyone involved as accepted the business is dead.
 
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Richard28
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Re: Looking what happens to Air Berlin, who will buy Monarch?

Thu Oct 12, 2017 5:43 pm

The conpany is being stripped down and any remaining assets sold off. There is no ongoing airline to purchase.

Very different rules in the UK compared to USA and Germany.

No chapter 11 protections or similar... once you go bust.... that’s it.
 
klakzky123
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Joined: Mon Jul 04, 2016 4:05 am

Re: Looking what happens to Air Berlin, who will buy Monarch?

Thu Oct 12, 2017 5:45 pm

Someone might buy Monarch's engineering and maintenance but that's about it. Monarch leased everything. I assume that the slots will be put up for auction as part of the liquidation but I dont think there's anything else that anyone would want.
 
Nickd92
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Joined: Mon Aug 24, 2015 7:01 pm

Re: Looking what happens to Air Berlin, who will buy Monarch?

Thu Oct 12, 2017 5:47 pm

And where did you get that route map from? 2003?

Monarch are not an asset to buy, unfortunately. Mainly due to the amount of debt that comes with them. I would suggest we let the profitable airlines pick up the remaining assets/slots/capacity.
 
sk736
Posts: 607
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Re: Looking what happens to Air Berlin, who will buy Monarch?

Thu Oct 12, 2017 6:03 pm

klakzky123 wrote:
Someone might buy Monarch's engineering and maintenance but that's about it. Monarch leased everything. I assume that the slots will be put up for auction as part of the liquidation but I dont think there's anything else that anyone would want.

Monarch Aircraft Engineering Limited is now a separate company that is not affected by Monarch's collapse and is, therefore, not in need of a buyer.
 
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JannEejit
Posts: 606
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Re: Looking what happens to Air Berlin, who will buy Monarch?

Thu Oct 12, 2017 6:32 pm

sk736 wrote:
klakzky123 wrote:
Someone might buy Monarch's engineering and maintenance but that's about it. Monarch leased everything. I assume that the slots will be put up for auction as part of the liquidation but I dont think there's anything else that anyone would want.

Monarch Aircraft Engineering Limited is now a separate company that is not affected by Monarch's collapse and is, therefore, not in need of a buyer.


Didn't they close their Manchester engineering hangar last year ?
 
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mikegigs
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Re: Looking what happens to Air Berlin, who will buy Monarch?

Thu Oct 12, 2017 6:45 pm

Richard28 wrote:
The conpany is being stripped down and any remaining assets sold off. There is no ongoing airline to purchase.

Very different rules in the UK compared to USA and Germany.

No chapter 11 protections or similar... once you go bust.... that’s it.


Exactly... This ship has sunk. There's no bailing anything out now. Air Berlin on the other hand is still in the process of sinking and has found someone (LH) to come and give order to the chaos.

Bits and pieces of Monarch will be sold off, sure. I think their most lucrative former asset are its landing slots. I believe I heard many of their current aircraft were leased so there's no selling them off to the highest bidder, and with so many other 737MAX orders on the books (that airlines likely paid full price for), i don't think Boeing will be desperate to find someone else to pick them up. Not immediately at least.
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smallvoyageur
Posts: 67
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Re: Looking what happens to Air Berlin, who will buy Monarch?

Thu Oct 12, 2017 7:11 pm

As many of the others have said what the administrators would do is start selling off the company first, and then any assets that company has to pay its creditors. This can mean anything, rather like when the retailers Woolworths or BHS went under the company started flogging or auctioning-off anything to get cash, this included the carrier bags and the staff recreation room furniture.

I wouldn't be surprised if any of the other airlines started to grab of the bits and bobs of the company like drinks trolleys, staff uniform or maintenance kit.
 
Jerry123
Posts: 137
Joined: Sat Dec 03, 2016 9:58 pm

Re: Looking what happens to Air Berlin, who will buy Monarch?

Thu Oct 12, 2017 7:15 pm

keesje wrote:
There's a solid airline for sale.

- A strong leisure driven network from one of Europes biggest markets.
Image

- 35 A320's including everything, pilots, support.
- 737MAX order, although it's unclear who paid what.

I can't imagine Easyjet isn't looking at this.The leisure market is stronger then ever before, Airbus is sold out for years.

Of course drastic reorganization is required. But you can't wait too long though the company is already disintegrating. Who needs an A320 / pilot?
https://www.theguardian.com/business/2017/sep/19/ryanair-offers-pilots-12000-bonus-to-tackle-cancelled-flights-fiasco

The aircraft have gone back to the lessors. The crew and pilots will be snapped up by other airlines.
Not much left of Monarch to buy apart from the name and the debt.
 
mwhcvt
Posts: 828
Joined: Sun Oct 05, 2008 2:01 pm

Re: Looking what happens to Air Berlin, who will buy Monarch?

Thu Oct 12, 2017 7:22 pm

Trouble is as already mentioned there really isn't all that many tangible assets to buy, the aircraft were all leased and have mostly if not completely been repossessed by the various leasing company's so that they can checked over and put on a new lease ASAP, Monarchs Engineering Side which is profitable and well used especially on 787 contracts for which they currently have with VS, DY, RJ and even some work for BY was spun off by greybull into a separate entity a while ago, this rampart asset stripping is part of the issues that brought down the airline and further more stopped any real interest in purchasing the airline

As most of the remaining assets were intangible such as the staff
Must think up a new one soon, slow moving brain trying to get into gear ;)
 
TheGeordielad
Posts: 893
Joined: Fri Jan 13, 2017 5:08 pm

Re: Looking what happens to Air Berlin, who will buy Monarch?

Thu Oct 12, 2017 7:44 pm

JannEejit wrote:
sk736 wrote:
klakzky123 wrote:
Someone might buy Monarch's engineering and maintenance but that's about it. Monarch leased everything. I assume that the slots will be put up for auction as part of the liquidation but I dont think there's anything else that anyone would want.

Monarch Aircraft Engineering Limited is now a separate company that is not affected by Monarch's collapse and is, therefore, not in need of a buyer.


Didn't they close their Manchester engineering hangar last year ?

It was sold to Jet2.
 
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Channex757
Posts: 1402
Joined: Sat Jun 18, 2016 7:07 am

Re: Looking what happens to Air Berlin, who will buy Monarch?

Thu Oct 12, 2017 7:51 pm

Richard28 wrote:
The conpany is being stripped down and any remaining assets sold off. There is no ongoing airline to purchase.

Very different rules in the UK compared to USA and Germany.

No chapter 11 protections or similar... once you go bust.... that’s it.

The aircraft are all being re-registered to leasing entities at the moment. Some will get temporary registrations too.

All that remains of ZB are some buildings and ground equipment. That's the picture at the moment. It's just empty offices and a bit of machinery.

How this plays out for the Engineering side is the issue to watch. I have a feeling it was used to secure a loan, and will be spun out soon to a buyer or even retained by Greybum in lieu of a note they hold.

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