Monarch Group executive chairman Iain Rawlinson said the airline does not plan a public listing and is not seeking any new shareholders (travelweekly, 13-Jun-2013). This is despite the Group publishing its first-ever annual report and accounts on 12-Jun-2013. Mr Rawlinson said the move formed “part of modernising the group”. The annual report said the accounts were made public to “underline a commitment to enhancing stakeholders’ understanding of the capabilities and prospects of the group”. Monarch Group is wholly owned by the Mantegazza family.
14-Jun-2013 11:13 AM