Greyball I believe, think its too late for second approach think it works out better for them to sell off assets and make people redundant rather than sell as a whole
My misses has just come back from her meeting at gatwick (very tearful one) and said that both easyjet and norweigen both offered to buy monarch from greyball but turned it down
Thanks funnily enough due to the recent troubles at monarch over the last few yeras she has started a TA course and a placement at the school where our kids go so maybe thats the new direction for her