Monarch Aircraft Engineering Collapses

MAEL Administration.jpg

Monarch Aircraft Engineering (MAEL), the MRO division of collapsed British carrier Monarch Airlines, has entered administration resulting in the loss of 450 jobs.

The professional services company said that the MAEL operation had become “unsustainable in its present form” after an October 2018 restructuring of the business which saw the company enter into a company voluntary arrangement (CVA) result in a loss of airline customers.

Talks are still ongoing over the sale of MAEL’s CAMO business and Luton-based training academy.

Collected and summarized from the source below by Minh Pham  https://www.mro-network.com/maintenance-repair-overhaul/monarch-aircraft-engineering-collapses