Monarch Airlines has lost its High Court battle against Airport Co-ordination Limited’s (“ACL”) decision not to allocate certain take-off and landing slots to Monarch for next summer.
Monarch wanted to exchange with other carriers to raise cash for creditors. The slots cover Manchester, Gatwick, Birmingham, Luton and Leeds-Bradford airports.
The airline ceased trading last month and its administrators called the slots its “most valuable asset”.
ACL which allocates 39 airports’ slots accepted that Monarch would have received some of them if it had not gone into administration.
Wizz Air and EasyJet are among airlines who are interested in acquiring them.
Judges rejected Monarch’s claim that ACL was under a duty to allocate the summer 2018 slots to it “by reason of historical precedence” and said they should be placed in the slot pool.
Administrator KPMG said it would seek to appeal the High Court decision.
Suffering a financial or contractual dispute can have serious implications on your business. Our dispute solicitors will quickly and efficiently put your case together and act on your behalf. We can advise you on the appropriate course of action and assist with any legal documents or proceedings that may occur.
Call Shalish Mehta in our civil and commercial litigation department on 0161 624 6811 or email email@example.com.
Latest posts by Shalish Mehta (see all)
- World Snooker Tour threatens legal action against five of its own players - 13th October 2023
- McLaren seeks at least $23 million in damages from Alex Palou - 9th October 2023
- LIV golfer Patrick Reed files defamation lawsuit against Golf Channel and commentator Brandel Chamblee - 1st October 2023
- HMRC files a bankruptcy petition against former Liverpool and England footballer, John Barnes - 27th September 2023
- Millionaire husband and wife accuse their nephew of ‘stealing’ £4million Kensington mews home - 23rd September 2023