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United Kingdom · Question · Written question

HL HL2461

Monarch Airlines: Insolvency

answeredUnited Kingdom· UK Parliament· EN

Introduced

24 October 2017

Last action

31 October 2017 · Answer

Status

Answered

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Aviation

Source updated

31 October 2017

Aviation

Summary

To ask Her Majesty's Government what assessment they have made of the position of KPMG as administrators to Monarch Airlines, in the light of that firm's commercial relationships with Monarch, Greybull Capital, the owner of Monarch, and Greybull's offshor

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Timeline

  1. 24 October 2017

    Written question

    To ask Her Majesty's Government what assessment they have made of the position of KPMG as administrators to Monarch Airlines, in the light of that firm's commercial relationships with Monarch, Greybull Capital, the owner of Monarch, and Greybull's offshor

    Source: Lords

  2. 31 October 2017

    Answer

    Government does not have a role in the appointment of administrators, nor does it have direct control of their actions. All insolvency practitioners are subject to an insolvency code of ethics, which sets out the fundamental principles of integrity, objec...

    Source: Written answer

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