gilesdavies
Posts: 2268
Joined: Tue Dec 02, 2003 7:51 pm

CEO Of MyTravel Airways Defects To Monarch

Fri Aug 20, 2004 5:03 am

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
 
trident2e
Posts: 1286
Joined: Sun Dec 28, 2003 3:38 am

RE: CEO Of MyTravel Airways Defects To Monarch

Fri Aug 20, 2004 5:36 am

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.
 
gilesdavies
Posts: 2268
Joined: Tue Dec 02, 2003 7:51 pm

RE: CEO Of MyTravel Airways Defects To Monarch

Fri Aug 20, 2004 5:44 am

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
 
whitehatter
Posts: 5180
Joined: Sat Jun 12, 2004 6:52 am

RE: CEO Of MyTravel Airways Defects To Monarch

Fri Aug 20, 2004 5:56 am

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......
Lead me not into temptation, I can find my own way there...
 
Horus
Posts: 5131
Joined: Sun Feb 22, 2004 1:04 am

RE: CEO Of MyTravel Airways Defects To Monarch

Fri Aug 20, 2004 6:55 am

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
 
gkirk
Posts: 23345
Joined: Thu Jun 15, 2000 3:29 am

RE: CEO Of MyTravel Airways Defects To Monarch

Fri Aug 20, 2004 7:41 am

Horus, dont worry, they'll survive...
 Smile
When you hear the noise of the Tartan Army Boys, we'll be coming down the road!
 
whitehatter
Posts: 5180
Joined: Sat Jun 12, 2004 6:52 am

RE: CEO Of MyTravel Airways Defects To Monarch

Fri Aug 20, 2004 7:44 am

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.
Lead me not into temptation, I can find my own way there...
 
FLYtoEGCC
Posts: 929
Joined: Thu Feb 12, 2004 7:56 am

RE: CEO Of MyTravel Airways Defects To Monarch

Fri Aug 20, 2004 8:02 am

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...
 
CKT789
Posts: 400
Joined: Sat Sep 27, 2003 5:56 pm

RE: CEO Of MyTravel Airways Defects To Monarch

Fri Aug 20, 2004 4:46 pm

Didn't Tim Jeans originally move to My Travel to head up Lite?
 
diesel1
Posts: 1482
Joined: Sat Mar 10, 2001 9:11 am

RE: CEO Of MyTravel Airways Defects To Monarch

Fri Aug 20, 2004 6:06 pm

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...
 
trident2e
Posts: 1286
Joined: Sun Dec 28, 2003 3:38 am

RE: CEO Of MyTravel Airways Defects To Monarch

Fri Aug 20, 2004 6:12 pm

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.
 
DoorsToManual
Posts: 1453
Joined: Sat Apr 19, 2003 12:28 am

RE: CEO Of MyTravel Airways Defects To Monarch

Fri Aug 20, 2004 7:25 pm

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
 
MEA-707
Posts: 3661
Joined: Mon Nov 15, 1999 4:51 am

RE: CEO Of MyTravel Airways Defects To Monarch

Fri Aug 20, 2004 8:17 pm

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
Posts: 5131
Joined: Sun Feb 22, 2004 1:04 am

RE: CEO Of MyTravel Airways Defects To Monarch

Sat Aug 21, 2004 6:20 am

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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