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Monarch boss: ‘We’re not for sale’

Air
TTG Staff
29 April 2016

The chief executive of the Monarch Group has denied that the company is up for sale and insisted that it is looking at potential acquisitions.

Monarch

Andrew Swaffield was speaking at an airline industry event and his comments follow weeks of speculation about the company’s future.

"We’ve got our eyes open on potential acquisitions that we might be able to make ourselves with Greybull’s support and we haven’t denied the fact that there has been interest in us from potential acquirers," he said, according to news agency Reuters.

"But the ’for sale’ sign is not up and as far as we’re concerned our focus is on delivering a successful and sustainable profitable business."