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United Kingdom · Question · Written question

HL HL4415

Monarch Airlines: Insolvency

answeredUnited Kingdom· UK Parliament· EN

Introduced

21 December 2017

Last action

9 January 2018 · Answer

Status

Answered

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Subjects

Aviation

Source updated

9 January 2018

Aviation

Summary

To ask Her Majesty's Government whether they intend to investigate the interest rates set on loans from shareholders to Monarch Airlines Group and determine whether those rates were reasonable in terms of protecting the rights of creditors, employees, pen

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 21 December 2017

    Written question

    To ask Her Majesty's Government whether they intend to investigate the interest rates set on loans from shareholders to Monarch Airlines Group and determine whether those rates were reasonable in terms of protecting the rights of creditors, employees, pen

    Source: Lords

  2. 9 January 2018

    Answer

    The Insolvency Service’s enquiries into the insolvency of Monarch are ongoing and it continues to liaise with the administrators and the Civil Aviation Authority (CAA) to establish the facts surrounding the administration of Monarch Airlines Group.

    Source: Written answer

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