A UK airline which went into administration is set to return after six years.
Monarch Airlines was one of Britain’s oldest airlines, launching in 1967.
PA:Press AssociationMonarch Airlines is set to relaunch – six years after shutting down[/caption]
However, the airline failed back in October 2017 after it was unable to renew its ATOL license.
More than 110,000 passengers were stranded abroad, with hundreds of thousands of other future bookings affected.
Despite this, the airline could soon relaunch flights from the UK, as well as holiday packages.
A new social media account for the airline tweeted: “We’re working hard building a brand new Monarch, just for you.”
They added in another tweet: “Monarch Airlines Limited and Monarch Holidays Limited were yesterday passed into new ownership following the exit of the companies’ founder and previous majority shareholder. More information will be forthcoming.”
The airline has also launched a new website – letsmonarch.co.uk – along with Instagram and Twitter accounts.
The new chair of Monarch, Daniel Ellingham, told airline magazine Airways he would “launch a new and strong company for the UK tourism sector”.
He added: “There is an opportunity for newcomers such as ourselves to step up and meet demand.”
However, the new airline would be competing with Jet2 , easyJet and TUI, as well as the relaunched Thomas Cook.
There is no current details about when they could relaunch.
However, the airline has already attracted investors from both the UK and the EU, and is expected to contact the Civil Aviation Authority (CAA) in the upcoming weeks.
When Monarch went bust back in 2017, it was the biggest peacetime repatriation programme at the time, costing £60million, although this was overtaken by the 2019 Thomas Cook collapse.
As many as 860,000 bookings were scrapped in what the Civil Aviation Authority called “the biggest ever UK airline failure” at the time.
The airline cited a number of reasons for its collapse, including a slump in the pound, increased fuel costs and terror fears affecting tourism in Turkey, Egypt and Tunisia.
It once carried as many as 6.3 million passengers to 40 destinations from Gatwick, Luton, Birmingham, Leeds-Bradford and Manchester airports.
As well as popular tourist hotspots such as Alicante and Rhodes, the airline also flew seasonal flights to Venice, Paphos.
AlamyThe airline failed to get its ATOL in 2017 – closing down and leaving 110,000 Brits stranded abroad[/caption]