British government: Monarch Airlines might collapse but that's their problemStaff Writer | October 2, 2017
British Chancellor of the exchequer Philip Hammond said the government was aware that Monarch Airlines might collapse after it chose a business model that did not pay off, but the airline industry will restructure to take on its capacity.
Britain The industry will restructure
"It's never pretty when these things happen... I am afraid it is not a question of government stepping in, this is an airline that had made certain decisions about its business model and how it wanted to position itself in the market and those decisions didn't pay off obviously."
"The industry will restructure, that capacity will be absorbed and the competitive market will continue to operate." ■