Ryanair poised to pinch pilots from failing airline Monarch Latest News

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Ryanair poised to pinch pilots from failing airline Monarch Latest News


RyanairGETTY


CRISIS: Ryanair are poised to poach pilots from struggling Monarch

Bosses at short-haul specialists Monarch, Britain’s fifth biggest airline, were locked in talks over a last-minute rescue bid amid fears that 100,000 customers could be left stranded.

Monarch’s operating licence was due to expire at midnight if no new finance could be found to keep their planes flying.

And beleaguered Ryanair boss Michael O’Leary was ready to step in and snap up its roster of pilots to help ease the pressure on his own firm.

British Airways is also said to be interested in buying Monarch’s assets.

Monarch yesterday took the extraordinary step of quadrupling prices on some routes to put customers off from flying with them.


“Ryanair needs pilots to ease some of the tension”


An insider

A company source said: “There is a storm brewing in the airlines market and Monarch is right at the centre of it.

“Terrorism has caused it to lose significant business in some key markets such as Egypt and Turkey.

“Brexit means the cost of fuel and aircraft leases has rocketed.”

Meanwhile, Mr O’Leary was keeping a close eye on developments at his rival.

His Dublin-based budget airline has scrapped 18,000 flights, stranding 400,000 customers, as arguments over pay and working conditions continue.


RyanairGETTY


CANCELLATIONS: Ryanair needs pilots to ease some of the tension

An insider said: “We all know the problems Ryanair has and Monarch’s problems could be a real opportunity.

“Ryanair needs pilots to ease some of the tension.”

Pilots at Ryanair are said to have threatened to walk away if the firm does not grant their demands to force Mr O’Leary out.

Ryanair poised to pinch pilots from failing airline Monarch Latest News

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Ryanair poised to pinch pilots from failing airline Monarch Latest News

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