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CEO Of MyTravel Airways Defects To Monarch  
User currently offlineGilesdavies From United Kingdom, joined Dec 2003, 3047 posts, RR: 2
Posted (10 years 3 months 6 days 19 hours ago) and read 2898 times:

Another news story that must be sending shivers down the spines of the shareholders of MyTravel is that the CEO Jonathon Crick has defected from MyTravel Airways to Monarch Airlines to head their Low Cost Scheduled services.

In many respects this Jonathon Crick guy has taken a downwards move in his career ladder because instead of him being head of a whole airline as he was before, he is only heading there scheduled services. But Monarch are promising that their Scheduled Service will increase dramatically over the coming months and year.


http://www.flymonarch.com/cnt/news/index.asp?headlineID=273


13 replies: All unread, jump to last
 
User currently offlineTrident2e From , joined Dec 1969, posts, RR:
Reply 1, posted (10 years 3 months 6 days 19 hours ago) and read 2833 times:

Think you misread that. It's Tim Jeans who is moving from MyTravel - Jonathon Crick was already with Monarch and moves to a new post.

User currently offlineGilesdavies From United Kingdom, joined Dec 2003, 3047 posts, RR: 2
Reply 2, posted (10 years 3 months 6 days 19 hours ago) and read 2827 times:

Your right Im wrong...

Sorry about the incorrect names, I should have proof read it before posting this article. I tried clicking on the edit button but has disappeared!

Regards
Giles


User currently offlineWhitehatter From , joined Dec 1969, posts, RR:
Reply 3, posted (10 years 3 months 6 days 19 hours ago) and read 2809 times:

How can moving from a practically bankrupt and hopeless company, to one that is healthy, be a bad move for anyone?

A job is a job is a job......


User currently offlineHorus From Egypt, joined Feb 2004, 5230 posts, RR: 59
Reply 4, posted (10 years 3 months 6 days 18 hours ago) and read 2779 times:

MYT is really going down the drain. We've been hearing about their financial problems for almost 18 months...surprised they've survived that long, but would be great if they managed a turnaround.

Horus




EGYPT: A 7,000 Year Old Civilisation
User currently offlineGKirk From UK - Scotland, joined Jun 2000, 24960 posts, RR: 56
Reply 5, posted (10 years 3 months 6 days 17 hours ago) and read 2756 times:

Horus, dont worry, they'll survive...
 Smile



When you hear the noise of the Tartan Army Boys, we'll be coming down the road!
User currently offlineWhitehatter From , joined Dec 1969, posts, RR:
Reply 6, posted (10 years 3 months 6 days 17 hours ago) and read 2755 times:

IT's been going on for a lot longer than 18 months.

Bad investments were just the start of it, plus the whole rebranding exercise didn't work as they hoped. Airtours expanded like crazy with loads of borrowed cash, and paid top dollar for a lot of assets which then got substantially devalued for various reasons.

The banks are just keeping it alive to try and get some of their cash back before it all tanks.


User currently offlineFLYtoEGCC From United Kingdom, joined Feb 2004, 947 posts, RR: 2
Reply 7, posted (10 years 3 months 6 days 16 hours ago) and read 2746 times:

Sorry if this has been mentioned before... according to this month's Airliner World, as part of a major cost-cutting drive, MYT are getting rid of their entire Boeing fleet (3 767-300s and 5 757s) and the remaining DC-10-30, shedding 500 staff in the process. This accounts for nearly a third of its fleet. Things must be looking bleak.


Come fly with me, let's fly, let's fly away...
User currently offlineCKT789 From , joined Dec 1969, posts, RR:
Reply 8, posted (10 years 3 months 6 days 8 hours ago) and read 2698 times:

Didn't Tim Jeans originally move to My Travel to head up Lite?

User currently offlineDiesel1 From UK - Wales, joined Mar 2001, 1638 posts, RR: 11
Reply 9, posted (10 years 3 months 6 days 6 hours ago) and read 2674 times:

you got it CKT789...

He joined MyTravel from Ryanair

FLYtoEGCC - of course getting rid of aircraft and shrinking not expanding doesn't look good.
The move however makes sense as MyTravel will have less aircraft types in the fleet improving commonality and reducing maintenance costs etc..

They will also have less excess capacity for the quieter times of the year which will mean less need to lease aircraft out - so in general a more stable year round operation.

No doubt additional summer capacity (where needed) for the Airtours tour operator will come from chartering from other airlines - perhaps we'll see more examples of the arrangements in place with Air Scandic, Skyservice and Spanair at various UK airports this summer.



I don't like signatures...
User currently offlineTrident2e From , joined Dec 1969, posts, RR:
Reply 10, posted (10 years 3 months 6 days 6 hours ago) and read 2660 times:

Tim Jeans did originally go to MYT to head up their Lite division. However, last year he was promoted to be in charge of the entire aviation division.

User currently offlineDoorsToManual From , joined Dec 1969, posts, RR:
Reply 11, posted (10 years 3 months 6 days 5 hours ago) and read 2625 times:

Perhaps he might make Monarch more attractive to those of us that frequent LCCs - at the moment, Monarch are rather expensive for an airline that classes itself as low-cost. I've heard their service is/has been pretty good, but they do seem to charge for it!

cheers


User currently onlineMEA-707 From Netherlands, joined Nov 1999, 4353 posts, RR: 35
Reply 12, posted (10 years 3 months 6 days 4 hours ago) and read 2604 times:

I think Monarch had great value for money. In april I flew them BCN-MAN, had a delicious hot meal and free booze and a few drink rounds on board and that for only 55 GBP inclusive. I am sorry but it's not unlogical they started to charge for meals since, it was just too good to be true.


nobody has ever died from hard work, but why take the risk?
User currently offlineHorus From Egypt, joined Feb 2004, 5230 posts, RR: 59
Reply 13, posted (10 years 3 months 5 days 18 hours ago) and read 2507 times:

Hey Gkirk, I know its more likely they'll survive (and I want them to do it) but I hope they don't have to make any more siginificant cutbacks like their recent move to dispose of all the Boeing aircraft.

Horus




EGYPT: A 7,000 Year Old Civilisation
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