Monarch Aircraft Engineering becomes standalone company
Monarch Aircraft Engineering continues to trade as Monarch Airlines and Monarch Tour Group enter administration.
MAEL employs over 730 staff at six locations in the UK and four overseas. The company has hangars at Birmingham and London Luton airports, and line maintenance stations at London Gatwick, London Luton, Birmingham, Manchester, Leeds Bradford, Edinburgh, Nice, Malaga, Warsaw and Kiev.
Whilst Monarch Airlines was a significant customer for MAEL, its focus is now on servicing its other existing clients and securing new contracts. In the last two weeks MAEL has won a new significant contract from Virgin Atlantic Airlines. MAEL will carry out C1 checks for Virgin’s Boeing 787-9 fleet between 2017 and 2021. All the maintenance work will be carried out at its state of the art facility at Birmingham Airport.
At the 2017 Paris Air Show in June, MAEL announced a joint venture partnership with Boeing Global Services (formerly Boeing GoldCare). The two companies are collaborating on securing additional third-party fleet servicing agreements, capitalizing on Boeing’s strength and reach within the industry and the expertise of MAEL.
“MAEL has always been a standalone business within the Monarch Group, holding its own cash, employees and property,” said Chris Dare, Managing Director at MAEL. “Despite what has happened at Monarch Airlines and Monarch Tour Group, MAEL continues to trade as normal with renewed focus on servicing our existing clients and winning new contracts. It’s business as usual – offering world-class engineering services to customers in Europe and around the world, in conjunction with our partner Boeing Global Services, following the recent partnership agreement.”
Monarch Airlines, UK fifth-biggest airline in passenger numbers, ceased trading after its license was refused renewal by the Civil Aviation Authority (CAA) on October 2, 2017. Up to 110 thousand passengers are left stranded on holiday overseas, while the pre-booked flights and all the future bookings are cancelled.