London, UK. 2nd Oct, 2017. Gatwick Airport: Monarch airline service desk at Gatwick Airport. Monarch Airlines which was founded in 1967 has ceased trading and entered into administration due to loss in revenue which is blamed on Terror attacks in Tunisia and Egypt and its 300,000 future bookings for flights and holidays have been cancelled . The British Government has asked the Civil Aviation Authority (CAA) to coordinate flights back to Britain for all Monarch customers currently stranded overseas and customers will not bear extra costs on new flights Credit: amer ghazzal/Alamy Live News

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