Monarch Airlines Files For Insolvency: Britain’s Biggest-Ever Airline Collapse
![Monarch Airlines Files For Insolvency: Britain’s Biggest-Ever Airline Collapse Monarch Airlines Files For Insolvency: Britain’s Biggest-Ever Airline Collapse](https://5ux.com/sites/5ux.com/files/styles/medium_250/public/resize/remote/356e99bc26599abeeba4bf94570ede92-500x331.jpg?itok=V_nu0F0f)
U.K. leisure carrier Monarch Airlines filed for insolvency on Monday, the biggest ever failure of a British airline, stranding tens of thousands of travellers overseas and prompting the country’s biggest-ever peacetime repatriation effort, as the government has to find a way to to arrange the return of 110,000 tourists, and marking the third failure of a major European operator in five months. Monarch cancelled about 300,000 future bookings and apologized to customers and staff as it became the UK’s largest carrier to go into administration, according to Reuters.