UK‘s Monarch Airline Receives £165m investment to Stay Afloat

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Photo: http://www.monarch.co.uk



photo credit: google.com


Nigerian Airlines are not alone in their search for fresh bailout as British Carrier; Monarch has just been given a new lease of life with£165m investment by Greybull Capital.
Reports on http://www.bbc.com say the airline has renewed its membership the Air Travel Organisers' Licensing (Atol) scheme which compensates customers if a travel company goes down.
With this new investment, it is expected that Monarch airline may acquire additional aircraft.
Can someone come to the aid of Nigeria’s domestic airlines with fresh investments? Just recently, Nigeria’s oldest domestic airline Aero Contractors suspended flight operations due financial constraints. 
Hopefully, help will come for Nigerian Airlines too.





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