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Examine Greybull's actions in respect of insolvency of Monarch Airline/Holidays.

Monarch ceased trading on Monday 2 October 2017, leaving 2,000 employees without jobs and 860,000 passengers without flights. This is Greybull’s third venture that has failed and the largest failure in British aviation history.

We question the entire involvement of Greybull Capital in respect of Monarch. From reports it would appear that both prior and post insolvency the UK Government have pumped millions of pounds into Greybull Capital and although Greybull state they have lost out in excess of £100 million it is reported that Monarch had £48 million in the bank and aircraft take off and landing slots will be worth at least £60 million to Greybull. These figures alone equate to greater than £100 million.

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Signatories

9

Currently ranked 1,161 out of 1,838 open petitions, and 26,068 out of 101,830 petitions ever created.

Status

Open

Created By

Harry Cole

Created On

Wednesday 11 July 2018

Closing Date

Thursday 10 January 2019

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