BCAL
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Who Owns Monarch Airlines?

Wed Sep 14, 2005 2:46 am

Reading Simon Calder's book 'No Frills: The Truth Behind The Low-Cost Revolution In The Skies' it was stated

Quote:
Monarch is owned by the Swiss-Italian billionaire Fabio Mantegassa

I initially thought that this was an error but then I read in Sir Adam Thomson's autobiography that when he was fighting for route licences for BCal, he cited that the Swiss ownership of Monarch should exclude them from being granted licences to operate as a UK carrier. A recent article in Aviation did not mention any Swiss-Italian ownership when they profiled the airline.

Does any a.net member know who owns ZB these days? I am curious and an answer would save me having to order a copy of their annual accounts from Companies House.
MOL on SRB's latest attack at BA: "It's like a little Chihuahua barking at a dying Labrador. Nobody cares."
 
Gofly
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RE: Who Owns Monarch Airlines?

Wed Sep 14, 2005 3:06 am

From what I can gather from the website;

Quote:
Monarch Holdings Plc

Monarch Airlines and Monarch Aircraft Engineering are both subsidiaries of Monarch Holdings Plc. Other companies in the group include household-name tour operators such as Cosmos, Avro, Archers Direct and Cosmos Tourama as well as the online hotel booking service somewhere2stay.com.

-Gofly  Smile
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BCAL
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RE: Who Owns Monarch Airlines?

Wed Sep 14, 2005 3:13 am

Thanks Gofly. My recollection is that Monarch was founded by former British Eagle directors, initially as an airline engineering/maintenance company who expanded into a charter airline, with financial help from Cosmos, hence the association that continues to today.
MOL on SRB's latest attack at BA: "It's like a little Chihuahua barking at a dying Labrador. Nobody cares."
 
Orion737
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RE: Who Owns Monarch Airlines?

Wed Sep 14, 2005 5:05 am

Yes, although Monarch seems to operate less and less of Cosmos programme as each year passes.
 
gkirk
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RE: Who Owns Monarch Airlines?

Wed Sep 14, 2005 7:30 am

Quoting Orion737 (Reply 3):
Yes, although Monarch seems to operate less and less of Cosmos programme as each year passes

T'is false.
The vast majority of Cosmos flights from LGW,MAN and BHX are operated by Monarch. From the likes of NCL,GLA, BFS it's operated mainly by MyTravel or Thomas Cook. Although there are still Cosmos holidays from NCL flown by Monarch (i.e. Florida and Faro)
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Orion737
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RE: Who Owns Monarch Airlines?

Wed Sep 14, 2005 7:41 am

Maybe so but even the regional airports including EMA see few if any Monarch flights. EMA is always well served by Cosmos with flights to many of their destinations but still no Monarch prescence, or there wasnt last time I checked.

I think Monarch increasingly want to move towards more scheduled leisure routes. They seem to be happy to move away from their 'bread and butter' IT flights.
 
LGW
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RE: Who Owns Monarch Airlines?

Wed Sep 14, 2005 6:52 pm

Hi all,

Monarch's bread and butter IT flights are from LGW and MAN whilst they are focusing attention on scheduled services more on the other hand.

MON have always been a touch different to other charters in not operating many charter services from regional airports, choosing to focus on 757/A300 short haul from the larger airports LGW and MAN where demand is higher and 2 A330's from MAN and LGW for long haul.

The vast majority of Cosmos holidays from LGW and MAN use MON whilst, as has been said from regionals they just use a rival charter carrier

Cheers

Ben Pritchard
 
cornish
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RE: Who Owns Monarch Airlines?

Wed Sep 14, 2005 7:39 pm

Quoting Orion737 (Reply 5):
I think Monarch increasingly want to move towards more scheduled leisure routes. They seem to be happy to move away from their 'bread and butter' IT flights.

Probably because they realise they need to change the business model as the charter market isn't exactly the healthiest these days.....
Just when I thought I could see light at the end of the tunnel, it was some B*****d with a torch bringing me more work
 
Orion737
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RE: Who Owns Monarch Airlines?

Wed Sep 14, 2005 8:01 pm

Monarch used to offer flights from regional airports. I remember when they had the fleet of 737-300s Monarch provided charter flights from airports like Blackpool, Liverpool, Cardiff etc but they have gradually been phased out.
 
BCAL
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RE: Who Owns Monarch Airlines?

Thu Sep 15, 2005 3:40 am

Monarch has been badly hit by the no-frills operators. Demand for inclusive tours in Spain and the Mediterranean resorts is falling, as people become more confident in booking direct with a LCC and hotels through the internet. This has in turn resulted in the likes of Cosmos, Thomson, Thomas Cook and others cutting back on supply and in turn the demand for charter flights. In order to remain competitive, they are cutting out on services normally taken for granted on an inclusive tour – i.e. the airline meal, resort representatives etc– so that the inclusive tour price can match the same price as if you booked with a no-frill carrier and a hotel direct. It makes economic sense for the charter airlines to pool resources and aircraft from provincial airports, where it would be difficult for a sole operator to fill +140 seats on a weekly basis. On the other hand, demand for charter flights to long-haul destinations is increasing, and this is where Monarch has been concentrating their development. Their recent lease of a 767 to supplement their Airbus fleet proves this.

In the early 90s Monarch developed an impressive network of scheduled flights to the popular Mediterranean destinations, with an impressive in-flight service. These have been put under pressure following the low cost revolution, so that Monarch now uses no-frills style fares and services.

If they had continued with their frills and flights from many provincial airports, there would be the inevitable hit on their revenues and Monarch would have then followed other great names in UK Civil Aviation (e.g. Air Europe, Dan Air) into extinction. I miss all the frills, but people vote with their legs and wallets.
MOL on SRB's latest attack at BA: "It's like a little Chihuahua barking at a dying Labrador. Nobody cares."
 
Demoose
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RE: Who Owns Monarch Airlines?

Thu Sep 15, 2005 3:46 am

Quoting Orion737 (Reply 8):
Monarch used to offer flights from regional airports. I remember when they had the fleet of 737-300s Monarch provided charter flights from airports like Blackpool, Liverpool, Cardiff etc but they have gradually been phased out.

And now replaced with Monarch Scheduled, with new routes from Blackpool, Newquay and Aberdeen on the way.

I really think Monarch made a clever move a few years ago by switching its focus towards low cost, good value scheduled flights to Europe. Airport passenger figures for the past few years have shown a constant decline in charter passengers and rising numbers of scheduled passengers. Monarch Scheduled are now the largest international airline out of Manchester.

Mark
Take a ride...fly across the sky
 
whitehatter
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RE: Who Owns Monarch Airlines?

Thu Sep 15, 2005 3:59 am

Quoting BCAL (Reply 9):
In the early 90s Monarch developed an impressive network of scheduled flights to the popular Mediterranean destinations, with an impressive in-flight service. These have been put under pressure following the low cost revolution, so that Monarch now uses no-frills style fares and services.

Not as badly as you might think.

MON did the smart thing and invested in some targeted advertising in their catchment areas, pushing good prices for the scheduled flights. In some respects they have done better than Baby and the rest because they got there earlier and also still use traditional ticketing systems via travel agents. So the scheduled routes benefit from both direct and indirect selling. One of the better websites to book directly with as well.

I recently tried booking some last minute tickets for a friend on Monarch Scheduled and the flight was almost full, but managed to grab the last 2 seats. The agent mentioned that they had managed a good summer at Monarch.

Monarch Engineering is another facet of the company which makes them good money.
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BCAL
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RE: Who Owns Monarch Airlines?

Thu Sep 15, 2005 4:07 am

Quoting WhiteHatter (Reply 11):
The agent mentioned that they had managed a good summer at Monarch.

Which shows they must be doing things right.
MOL on SRB's latest attack at BA: "It's like a little Chihuahua barking at a dying Labrador. Nobody cares."
 
whitehatter
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RE: Who Owns Monarch Airlines?

Thu Sep 15, 2005 4:14 am

Quoting BCAL (Reply 12):

Which shows they must be doing things right.

I collected some friends from MAN the other day who flew to Venice and back on the A300. They really enjoyed the flight, and the service onboard. Monarch have also been doing quite a few ops for smaller travel companies which can help fill up their seats on scheduled.

BMI should take notes of how a British airline can make money and not annoy the  butthead  off its customers by changing almost everything around on a weekly basis. Monarch are consistent and good at what they do.
Lead me not into temptation, I can find my own way there...
 
Orion737
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RE: Who Owns Monarch Airlines?

Thu Sep 15, 2005 5:04 am

A few years ago, I would be joining you all in singing the praises of Monarch scheduled. Their crown service while leisure orientated and in charter configured aircraft was a cut above the rest.

Free bar service including acoholic drinks, three course hot meals, served with complimentary choice of red/white wine and a hot towel service to round it all off.

I was loyal to them as their prices were competitive yet they certainly were not 'no frills' many older customers, timeshare owners and villa and aprtment owners were loyal customers.

They lost me when they joined the no frills airlines. They lost their unique selling advantage.
 
steady eddie
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RE: Who Owns Monarch Airlines?

Thu Sep 15, 2005 6:57 am

Your info is right BCAL,
Monarch Airlines,Monarch Engineering, Cosmos and Avro are all owned by the Globus Gateway Corporation and have been since day one. This is a family owned business based in Lugano Switzerland which is owned and run by the Mantegazza Family (Hence A330 reg G-SMAN incidentally)

His own personal chariot is this one, operated by another subsidiary, Monarch general aviation


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I will leave it to others to make predictable claims about their background
 
jetset7e7
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RE: Who Owns Monarch Airlines?

Thu Sep 15, 2005 6:16 pm

But why all the other weird registrations, that don't have MON, or ZB in them.
Like A300's G-OJMR, G-MAJS, A320's G-MPCD, G-MRJK, A321's G-MARA, G-OJEG, A330 G-EOMA, G-SMAN (mentioned above), 757 G-DAJB, 767 G-DIMB (which retained its MyTravel registration)


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Mark
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BCAL
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RE: Who Owns Monarch Airlines?

Thu Sep 15, 2005 6:33 pm

Thanks for the info, Steady Eddie.

I suppose that nowadays it does not matter if a UK airline is foreign-owned, except in BA's case.
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cornish
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RE: Who Owns Monarch Airlines?

Thu Sep 15, 2005 7:16 pm

Quoting Orion737 (Reply 14):
A few years ago, I would be joining you all in singing the praises of Monarch scheduled. Their crown service while leisure orientated and in charter configured aircraft was a cut above the rest.

Free bar service including acoholic drinks, three course hot meals, served with complimentary choice of red/white wine and a hot towel service to round it all off.

I was loyal to them as their prices were competitive yet they certainly were not 'no frills' many older customers, timeshare owners and villa and aprtment owners were loyal customers.

They lost me when they joined the no frills airlines. They lost their unique selling advantage.

You get your numerous flights paid for by your grandparents and you still want it all don't you Orion. Dear oh dear. Well if you continue to take this attitude you won't be flying at all soon. Don't you understand that in the UK charter/ LCC sector the key to it all is low costs and low prices now. Failure to do that mean your airline wil be out of business very soon. monarch is adapting to market conditions like every other airline in the sector. Remeber they are not here to provide Orion a hot breakfast, they are here to produce a profit, stay in business and keep their employees in jobs and fly people to where they want to go at the right price. Clearly if they had a successful summer where the majority of people think they have got the balance right.

If you're that desperate to get food then fly business class (you're not paying after all) or better still get yourself a nice meal before you even fly. Definitely get yourself to some good restaurants though so that you realise that most food in economy or charter tastes pretty foul compared to real food anyway - and business class is no great shakes compared to a real restaurant  Wink

If monarch are making money then hats off to them in the current climate, with the competition as intense as it is. Certainly the likes of MyTravel would like to be in their position.....
Just when I thought I could see light at the end of the tunnel, it was some B*****d with a torch bringing me more work
 
steady eddie
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RE: Who Owns Monarch Airlines?

Thu Sep 15, 2005 7:48 pm

the other non standard reg's are all named after Former Directors initials or those of people connected with the owners