Monarch Airlines To Cut Workforce In Shift To Becoming Low-cost Carrier
British holidays airline operator Monarch Group is set to cut the airline’s workforce by a third with the closure of its charter operations, as it moves to reinvent the carrier as a scheduled European budget airline. Monarch, privately-owned by the Mantegazza family, said it would scrap its charter flights business to focus on the scheduled European market, thereby repositioning itself as a smaller rival to Europe’s biggest low-cost carriers Ryanair and easyJet.
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