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Pay Monarch bill, or we will evict you now!
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Issue 1024 6th October - 12th October 2017
MONARCH, the UK’s fifth-largest airline, folded in the early hours of Monday, nearly a year after receiving a £165m bail-out, and left around 110,000 overseas tourists in the lurch.
The company’s downfall is said to have been caused by the impact of terror attacks in key holiday markets, including Egypt and Turkey, the fall in the pound’s value following last year’s vote for Brexit, and stiff competition in the low-cost carrier market. But that’s no consolation for holiday-makers, because many of them will not be able to claim compensation. And some have already been threatened with immediate eviction from their hotels or apartments, and even arrest, unless they pay back the accommodation debts incurred by Monarch. Continued on Page 3