IAG, the owner of British Airways and Aer Lingus, is to expand its presence at Gatwick Airport after striking a deal to buy the majority of slots vacated by the collapse of Monarch. Hungarian carrier Wizz Air is also set to take Monarch's former slots at London Luton.
The administrators of failed British airline Monarch have revealed that advanced sale talks were held in the run up to the carrier’s collapse, while its management team were also mulling a change in business strategy to focus on profitable long-haul routes.
Take-off and landing slots at London Gatwick, Manchester and Birmingham that were previously controlled by collapsed carrier Monarch Airlines are set to be reallocated to other airlines after administrators lost a legal bid to retain them.