{"id":638376,"date":"2017-10-03T03:30:08","date_gmt":"2017-10-03T03:30:08","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/03\/monarch-airlines-goes-into-administration-ceo-blames-terror-attacks-in-egypt\/"},"modified":"2017-10-03T03:30:08","modified_gmt":"2017-10-03T03:30:08","slug":"monarch-airlines-goes-into-administration-ceo-blames-terror-attacks-in-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/03\/monarch-airlines-goes-into-administration-ceo-blames-terror-attacks-in-egypt\/","title":{"rendered":"Monarch Airlines goes into administration, CEO blames terror attacks in Egypt"},"content":{"rendered":"

<\/a> Monarch Airlines has gone bust, and it\u2019s CEO is blaming Egypt (in part):<\/strong> The UK-based airline ceased trading and its 300,000 future bookings for flights and holidays have been cancelled, the UK\u2019s Civil Aviation Authority said, according to BBC<\/a>. Monarch, which reported a loss of GBP 291 mn last year, was the UK's fifth biggest and the country's largest ever to collapse. CEO Andrew Swaffield blamed his company\u2019s collapse on financial problems that followed terror attacks in Egypt and Tunisia, as well as the \u201cdecimation\u201d of the market in Turkey, according to The Telegraph<\/a>. BBC business correspondent Joe Lynam says \u201cThe terror attacks in Turkey and Egypt have deprived the airline of a large chunk of its annual revenues, and forced it to compete on heavily congested traditional routes to Spain and Greece\u2026 The short-haul market has been described as \"horrendous\" by senior aviation industry figures\u2026 Put simply, there are too many seats and not enough bums to put on them to make a profit for all major carriers.\u201d The FT also has the story<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Monarch Airlines has gone bust, and it\u2019s CEO is blaming Egypt (in part): The UK-based airline ceased trading and its 300,000 future bookings for flights and holidays have been cancelled, the UK\u2019s Civil Aviation Authority said, according to BBC. Monarch, which reported a loss of GBP 291 mn last year, was the UK's fifth biggest […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-638376","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"50d227e3-1ea4-4c49-a0ac-af3737526cf5","order":"0","is_powered_by":true,"section_story_id":"d3e1708e-5d8d-4ec0-a021-6c8f15b7654f","story_type":"1","photo_url":"","photo_position":"above","related_issue":[638363],"teaser":"","voice_url":""},"yoast_head":"\nMonarch Airlines goes into administration, CEO blames terror attacks in Egypt - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/03\/monarch-airlines-goes-into-administration-ceo-blames-terror-attacks-in-egypt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Monarch Airlines goes into administration, CEO blames terror attacks in Egypt\" \/>\n<meta property=\"og:description\" content=\"Monarch Airlines has gone bust, and it\u2019s CEO is blaming Egypt (in part): The UK-based airline ceased trading and its 300,000 future bookings for flights and holidays have been cancelled, the UK\u2019s Civil Aviation Authority said, according to BBC. 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Tel Avivintensified its warning against citizens traveling to Sinai \u201cfor fear of an imminent terror attack\u201d by Daesh, according to Times of Israel. Eitan Ben-David, the head of Israel\u2019s Counter-Terrorism Bureau, said that in light of the threat in\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":648805,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/12\/reported-terrorist-attacks-in-egypt-were-down-in-4q2016-timep\/","url_meta":{"origin":638376,"position":1},"title":"Reported terrorist attacks in Egypt were down in 4Q2016 -TIMEP","author":"enterpriseam admin","date":"12 April 2017","format":false,"excerpt":"The number of reported terror attacks across Egypt dropped considerably in 4Q2016, according to a think-tank report. On the whole, Egypt saw an average of 68 reported attacks per month in 2016. 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As the group weakens, offshoots in Egypt and other countries are encouraged to launch large scale attacks to re-establish its strength.\u2026","rel":"","context":"In "On Deadline"","block_context":{"text":"On Deadline","link":"https:\/\/enterpriseam.com\/egypt\/category\/on-deadline\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/638376","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=638376"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/638376\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/638363"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=638376"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=638376"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=638376"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=638376"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=638376"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}