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Wizz Air has acquired the slots in the bankrupt Monarch Airlines slots        United Kingdom 

Wizz Air has acquired the slots in the bankrupt Monarch Airlines slots     

Wizz Air, with its Hungarian background, acquired the slots at Monarch Airlines London-Luton Airport, which broke into the beginning of October, and thus expanded its London bid by 18 percent.

According to the company’s website on Wednesday, in 2018, the number of aircraft on the Luton base will be raised to seven, with 10,000 new chairs per week and 28 flights being extended. The list of exact destinations will be published later. This development means a 18 percent capacity increase.
Monarch Airlines went bankrupt in early October, and has since been run by KPMG’s seconded staff. The British Court of Appeal ruled last week for slots that are indispensable for airport operations as their saleability was a controversial one. Finally, the judges decided to sell them to the bankrupt airline. London-Gatwick airport slots were acquired by British Airways’ parent company, the International Airlines Group.
According to aviation experts, Monarch’s slots amount to 60 million pounds.
Slot is a right to allow airline airplanes to take off and take off at a given airport at a given time and use airport infrastructure between the two maneuvers.
Wizz Air announced in October that it requested a British license to operate and that it would operate flights from the next month in the possession of the licenses in the island.

Source: MTI / Image: /

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