I think you've got your links mixed up there
http://www.telegraph.co.uk/finance/newsbysector/transport/11186804/Monarch-Airlines-rescued-as-Mantegazzas-take-flight.html

Or you could try this one - I think the Telegraph has a pay wall and some might not be able to access the article.

http://www.theguardian.com/world/2014/oct/25/monarch-bought-air-travel-greybull-capital

Ah well hands up that was the incorrect link. Nevertheless, the safety video in my original post is worth a look!

The really interesting thing for me are the references in both articles to the company's pension fund which from the sound of it not only has a deficit but that at least part of its investment portfolio is held as shares in the company itself. Pefectly legal but it sums up one of the things that is wrong with the regulation of private sector pension schemes. As I read it, if the airline isn't turned around and goes bust, employees will not only lose their jobs but part of their pension pot too! Just why are these company pension funds still allowed to invest in their own companies? Or put another way, why are companies allowed to raid their employees' pension funds to shore up the company? I do hope for the sake of the people who work for Monarch that I have misunderstood the reference to the pension fund owning 10% of the company.

SM

good luck to them, hope they come through all of this, noticed 3 Monarch aircraft on the ground in Gibraltar yesterday afternoon, a nice backdrop against the rock on a sunny day.....