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Boeing helped finance bailout of Monarch Airlines in 2016: FT

(Reuters) – Boeing Co (BA.N) had pumped in more than 100 million pounds ($ 130 million) into Britain’s now defunct Monarch Airlines [MONA.UL], the Financial Times reported.

The capital infusion, through Monarch’s offshore holding company Petrol Jersey, was carried out in several tranches between October 2016 and March this year, the FT said.

The airline’s owner Greybull refused to comment on the details of the financing, saying that they were “commercially confidential”, FT added. It denied that there h…
Reuters: Business News

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