Transport secretary Chris Grayling: Greybull should foot bill for £60m Monarch repatriation

 
Oliver Gill
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Transport secretary Chris Grayling was under sure whether there was a legal mechanism for getting Greybull to pay for the repatriation (Source: Getty)

Transport secretary Chris Grayling today said the former owners of Monarch should foot some of the bill for the government's multi-million-pound repatriation of the doomed airline's passengers.

Facing an MP grilling from the transport select committee Grayling said Greybull Capital should contribute towards a £60m programme to fly 80,000 stranded passengers home.

Ministers called the effort the "biggest ever peacetime repatriation".

Grayling said today: “There’s no formal legal mechanism that we can use, but in terms of the principle I completely agree.

“I would hope that if any of the creditors end up with money in pocket, whether they might indeed consider doing that.”

Read more: Chris Grayling set for grilling by MPs over Monarch's collapse

In conjunction with the government, the Civil Aviation Authority (CAA) started flying empty commercial aircraft into Luton and other airports on Saturday 30 September as part of a contingency plan to safeguard against Monarch's failure.

The move mirrored that kicked off in October 2016 when authorities prepared for a failure of the airline only for Greybull to commit to an eleventh-hour £165m capital injection.

A spokesperson for Greybull reiterated an earlier apology for the failure of Monarch, adding: "We agree with the secretary of state that it is too early in the administration process for anyone to know the outcome for creditors. We have acted responsibly and with integrity throughout the process. We are working closely and actively with the administrators KPMG, and other key stakeholders including the department for transport.”

Read more: Greybull admits that it sought to "limit our losses" on Monarch failure

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