After a turbulent 15 months that saw the collapse of its parent Monarch Airlines and the subsequent challenges of rebuilding its third-party customer base, Monarch Aircraft Engineering Ltd. (MAEL) entered bankruptcy on Jan. 4, resulting in the immediate loss of more than 400 jobs. MAEL’s board of directors appointed professional services company KPMG as administrators in early January to oversee the process after the company ran into financial difficulties and was unable to find a ...

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