Monarch Aircraft Engineering, the MRO division of Monarch Airlines which ceased trading early Monday (Oct. 2), will continue operating as a standalone entity.
Any fears around the future of the business were allayed after Monarch Aircraft Engineering confirmed it would continue under the same conditions while retaining its 730 staff in the UK and Europe.
The announcement came just hours after the collapse of the UK’s fifth largest airline was confirmed alongside Monarch Travel Group.
Both businesses have entered administration leading to the cancellation of around 300,000 future flights and bookings. The UK’s Civil Aviation Authority is also chartering aircraft to return around 110,000 Monarch customers back to the UK from overseas destinations.
Its primary operations are located at its Luton headquarters and in Birmingham, where it runs hangars and line maintenance services. In addition, it also has line maintenance stations across Europe London Gatwick, Manchester, Leeds Bradford, Edinburgh, Nice, Malaga, Warsaw and Kiev.
Monarch Aircraft Engineering has proven a robust performer in the UK MRO segment and has expanded its capabilities and third-party customer base in the past few years while operating as part of Boeing’s Global Fleet Care (formerly GoldCare) network.
“Monarch Aircraft Engineering has always been a standalone business within the Monarch Group, holding its own cash, employees and property,” said managing director Chris Dare in a statement. “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.”
The last few weeks alone have seen the addition of A320neo line maintenance services to its portfolio, while last Friday (Sept. 29), it announced a base maintenance contract with British carrier Virgin Atlantic – a new customer.
Under the terms of the Virgin agreement, Monarch Aircraft Engineering will carry out C1 checks on its Boeing 787-9 fleet from September 2017 through to 2021 from its Birmingham facility.