The funds were channeled through Monarch’s offshore holding company, Petrol Jersey in several tranches. On Monday, as per a report by the Financial Times, Boeing Co had sunk in $130 million (100 million pounds) into Britain’s now collapsed Monarch Airlines…. Read More ›
administration
British Airlines Monarch files for Administration leaving behind 110,000 customers overseas
The airlines has canceled all future bookings. The British government is making efforts at bring back all of Monarch’s stranded passengers back to the UK. On Monday, in a development that has prompted what is slated to be Britain’s biggest… Read More ›
VW set to plead guilty to emissions in the U.S.
While there have been hundreds of articles saying how much pollution VW has caused with its cheating scandal for which it has now agreed to pay up to $25 billion in fines in the U.S. alone, with the Trump administration… Read More ›