Monarch Airlines takeover speculation continues

Takeover speculation is continuing about Luton based Monarch Airlines Credit: Monarch Airlines

The owner of Luton based Monarch Airlines is in talks with several interested parties about a potential takeover of the carrier as it prepares to throw it a multi million-pound lifeline.

Greybull Capital is understood to be in discussions with Chinese firm HNAGroup, the company behind Hainan Airlines, about a potential deal, with others thought to be waiting in the wings.

Over the weekend Monarch was forced to deny "negative speculation" that it is in financial trouble.

The airline say they are "trading well" despite the difficulties caused by the threat of terror attacks, Brexit and the weakening of sterling