Oct

Bankruptcy of Britain’s Monarch Airlines Strands Thousands Abroad

LONDON — Monarch Airlines, a struggling British low-cost carrier and tour operator, collapsed into bankruptcy early Monday, ceasing its flights and forcing the government to step in and bring home more than 100,000 passengers stranded abroad.

Britain’s aviation regulator called the collapse of Monarch the “biggest ever U.K. airline failure.” The airline is one of many that have struggled to grapple with Europe’s highly competitive airline market…

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Bankruptcy of Britain’s Monarch Airlines Strands Thousands Abroad

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