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As soon as I heard Graybull were to acquire TATA Steel at Scunthorpe I instantly thought the same. Time will tell.Well as the owners of Monarch are Grey Bull Capital, who have just bought TATA Steel at Scunthorpe (and who are, according to reports, now considering purchasing the plants at Rotherham and Stockbridge) they may consider selling the airline to help fund the purchase of the steel plants.
Monarch announced yesterday its closing its maintenance facility at manchester with the loss of 123 jobs. Would have thought this a good purchase opportunity for someone. Looks like Graybull is getting rid of all the add on at Monarch and stripping it back to a basic LCC. There will be redundancies at Birmingham and Luton in the maintenance division.
GVA probably doesn't sell as well, or yield as well, in Summer as it does in Winter. Jet2 used to operate GVA year round (think it was dropped off in Oct, Nov till December & Ski season) but was dropped.
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