In the recent Court of Appeal decision of Monarch Airlines Ltd v Airport Coordination Ltd (2017) it was held that Monarch remained an air carrier notwithstanding its administration, the revocation of its operating licence, suspension of its air certificate and it ceasing to operate.
As a result this decision will allow the Administrators of Monarch to sell take-off and landing slots for the benefit of the creditors which could raise significant sums towards payment of its debts.
Airport Coordination Ltd argued that take-off and landing slots should revert to it following the Administration of an air carrier to enable them to distribute to other carriers.
For help or advice on Insolvency or administration matters, please contact Leanne Schneider-Rose
l.schneider-rose@sydneymitchell.co.uk or call 0121 698 2200
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