Monarch Gets Equity Lifeline, Restructures 30-Jet Boeing Deal

  • Majority shareholder Greybull injects 165 million pounds
  • 737 Max purchase to become sale and leaseback, CEO says

Monarch Airlines Ltd. announced a 165 million-pound ($202 million) capital injection from majority shareholder Greybull Capital LLP just hours before the U.K. carrier faced a possible grounding amid concern that it lacked the funds to stay in business.

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