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So, let's say we tonk you 4-1. Would that be a success? Granted, it is unlikely we'll put 4 past you..

Yes....but nowhere near as much as what people think.

Isn't this the same as dividing by 0?

Monarch had a sizeable amount of £/€ forward contracts with us this month with a rate of approx 1.15, compared to the current spot price. Every company who deals with international payments will have some considerable forward rates. They also had some large £/$ forward contracts, again, with...

NSC is full of wisdom, we're basically an underground version of the United Nations.

Literally this, perfectly summed up.

A regular comment made by some of our colleagues/contacts, management was not adaptable and were often beaten by the likes of Ryanair. Too static and unresponsive to the Arab Spring as well.

Brexit caused the Arab spring and subsequent upheaval in the region?

I mean, i laughed but just simply how bad this was

Granted - how will it affect you? Likely to see higher prices, though I'm not in the aviation industry. I'm just close to Greybull who owns Monarch.

**** me, there's two? which one's the parody?!

Literally anything owned by Monarch, valuable to any company and as above poster suggests - slots too. Very lucrative

DR, has extremism been ended yet?

Much needed for us too - I hated the FX deals, I'm not going to disclose much. Mark-to-market just was not pretty with our forward contracts, they were getting about 15% higher than the current spot rate.

I think this is a game we really should be expecting a win given their current circumstances. I have a lot of confidence in our defence, so if we play like we did against Brom, we should be looking for a few

I'm partially unaffected - if anything my company saves a fair amount of money as we had forward contracts due to mature this month with Monarch. We're monitoring the situation constantly and in talks with Greybull - I won't disclose who I work for but it wouldn't take much to figure out who it...

Their assets, BG..... Yes, they could - if someone wants to buy them, but from what I'm hearing it's unlikely to find a buyer.

Unlikely, Greybull injected just over £150m last year to pay for ATOL and other projects to try and make it efficient. Unfortunately...that failed

You're mistaken. People are now waiting for asset valuations to snap them up.

Bit more to it, there's also the loss of demand due to the instability in core regions Monarch operate in. FX isn't particularly the issue - my company had a shit ton of forward contracts with very favourable rates for them, we were losing on those when considering mark-to-market EDIT: I...