TALKS to save Monarch Airlines continued this weekend with just days left to avert the carrier’s possible closure.
Sources close to the negotiations said they were confident a deal could be reached before Friday, when its licence to sell holidays is due to expire.
Greybull Capital, a London investment fund, is in talks to buy the carrier from Switzerland’s Mantegazza family.
The process has been complicated by the need to agree terms with unions, aircraft lessors and the Pension Protection Fund (PPF), the government-backed agency that takes on retirement plans from stricken companies.
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A secretive vulture fund that backed electricals retailer Comet before its collapse has emerged as a potential saviour for the troubled airline Monarch.
Nathaniel Meyohas is 36 years old. After having spent several years working for large investment banks and getting an MBA from NYU, Nathaniel moved into private equity.Nathaniel worked for 8 years for a large American private equity fund in new York and London, specialising in investing in turnarounds and underperforming companies. He led several highly successful investments by investing in high profile European and American companies. In 2010,Nathaniel launched a new private investment firm, Greybull Capital, specialising in acquiring underperforming and troubled companies, with a view to improving their performance and profitability.
their very full webste
http://greybull.co.uk/
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Sources close to the negotiations said they were confident a deal could be reached before Friday, when its licence to sell holidays is due to expire.
Greybull Capital, a London investment fund, is in talks to buy the carrier from Switzerland’s Mantegazza family.
The process has been complicated by the need to agree terms with unions, aircraft lessors and the Pension Protection Fund (PPF), the government-backed agency that takes on retirement plans from stricken companies.
[You must be registered and logged in to see this link.]
A secretive vulture fund that backed electricals retailer Comet before its collapse has emerged as a potential saviour for the troubled airline Monarch.
Nathaniel Meyohas is 36 years old. After having spent several years working for large investment banks and getting an MBA from NYU, Nathaniel moved into private equity.Nathaniel worked for 8 years for a large American private equity fund in new York and London, specialising in investing in turnarounds and underperforming companies. He led several highly successful investments by investing in high profile European and American companies. In 2010,Nathaniel launched a new private investment firm, Greybull Capital, specialising in acquiring underperforming and troubled companies, with a view to improving their performance and profitability.
their very full webste
http://greybull.co.uk/
[You must be registered and logged in to see this link.]
Last edited by TVTenerife on Sun 19 Oct 2014 - 12:34; edited 4 times in total