The risk of failure among airlines is “significant,” according to the interim report of a UK government inquiry. The UK Department for Transport (DfT) set up the Airline Insolvency Review following the autumn 2017 collapse of Monarch Airlines. The failure of Monarch—the largest airline to collapse in UK aviation history—required a major repatriation effort organized by the UK regulator, the Civil Aviation Authority, which chartered a large number of aircraft to fly ...

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