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Boeing Helped Finance Bailout Of Monarch Airlines In 2016 – Ft

by timesofmalta.com posted 11months ago 98 views
Boeing had pumped in more than £100 million into Britain’s Monarch Airlines, which collapsed last week, the Financial Times reported yesterday. The capital infusion, through Monarch’s offshore holding company Petrol Jersey, was carried out in several tranches between October 2016 and March this year, the FT said. “We do not publicly comment on our customers’ financial arrangements but ensure we are always compliant with trade law,” Boeing said in a statement to Reuters. The airline’s private equity owner, Greybull Capital, declined to comment on details of the financing, saying that they were “commercially confidential,” FT added.

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