Monarch’s slots at Luton and Gatwick were seen as being one of the failed company’s most valuable assets - worth an estimated £60 million - following the airline going into administration on October 2, with other airlines particularly interested in Monarch’s slots at Gatwick.
Administrators KPMG initially lost their High Court battle to be able to sell the Monarch’s airport slots earlier this month.
However they were granted permission for it to be heard in the Court of Appeal and Blair Nimmo, partner at KPMG and joint administrator, confirmed today its appeal to sell the slots had been won.
