Gilesdavies From United Kingdom, joined Dec 2003, 3079 posts, RR: 2 Posted (10 years 7 months 1 week 5 days 23 hours ago) and read 3033 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.
Whitehatter From , joined Dec 1969, posts, RR:
Reply 6, posted (10 years 7 months 1 week 5 days 21 hours ago) and read 2890 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.
FLYtoEGCC From United Kingdom, joined Feb 2004, 947 posts, RR: 2
Reply 7, posted (10 years 7 months 1 week 5 days 20 hours ago) and read 2881 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.
Diesel1 From UK - Wales, joined Mar 2001, 1640 posts, RR: 11
Reply 9, posted (10 years 7 months 1 week 5 days 10 hours ago) and read 2809 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.
DoorsToManual From , joined Dec 1969, posts, RR:
Reply 11, posted (10 years 7 months 1 week 5 days 9 hours ago) and read 2760 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!
MEA-707 From Netherlands, joined Nov 1999, 4416 posts, RR: 34
Reply 12, posted (10 years 7 months 1 week 5 days 8 hours ago) and read 2739 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?
Horus From Egypt, joined Feb 2004, 5230 posts, RR: 59
Reply 13, posted (10 years 7 months 1 week 4 days 22 hours ago) and read 2642 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.