- Monarch rescue deal to go to the wire – deadline is midnight Wednesday
- Airline said at weekend it would clinch £160m life line to ensure survival
- This summer it warned more funding in region of £35m would be needed
The boss of Monarch has pulled out of a public speaking engagement, just one day before the budget airline’s operating licence is due to expire.
Andrew Swaffield, Monarch’s chief executive, was scheduled to talk about the impact of Brexit at the annual convention of Abta – the UK travel trade association – but the audience at the Yas Viceroy hotel in Abu Dhabi was told that he could no longer attend as he has had ‘a very busy couple of weeks’.
An official spokesman for Monarch said Mr Swaffield missed the event in the Middle East as…