In a Statement of Affairs filed before the sale of Monarch’s slots at Gatwick and Luton, administrators put the deficiency for unsecured creditors at £756.6 million.
The report by KPMG estimates that just £27.4 million would be available to pay preferential creditors following the carrier’s failure on October 2. However, this figure will be boosted by around £60 million following the slot sale that saw British Airways parent IAG buy the assets at Gatwick, and Wizz Air take the Luton slots in November.
