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1122892

registered interest
date	24/04/2019
answering body	Department for Transport
answering dept id	27
answering dept short name	Transport
answering dept sort name	Transport
hansard heading	Monarch Airlines: Insolvency
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government when they last talked with Greybull Capital about it contributing to the costs incurred by the Government in repatriating Monarch passengers after the airline collapsed.
tabling member printed	Lord Myners
uin	HL15283
answer	answer is ministerial correction date of answer 09/05/2019 answer text <p>Greybull Capital is not itself a shareholder in Monarch Airlines but it does perform an advisory and management role for the principal shareholder, Petrol Jersey Limited. There is no formal legal mechanism we can use to oblige Greybull to contribute towards the cost of repatriating passengers.</p><p> </p><p>However Marc Meyohas, partner at Greybull, wrote to the Transport Select Committee acknowledging a moral obligation (if they make a profit) to contribute and help to defray the costs incurred by the Government in repatriating Monarch customers.</p><p> </p><p>Discussions with Greybull in relation to recovering the costs of the repatriation operation have been in writing. Ministers last wrote to Greybull on this matter on 5 December 2018.</p><p> </p><p>The extent of any profit or loss from Greybull Capital and Petrol Jersey Limited’s investment in Monarch Airlines will depend on the outcome of the administration process, which is not due to conclude until October 2020.</p><p> </p><p>I refer to the Written Ministerial Statement made by the Secretary of State on 9 May 2019, which reported that the final cost to the taxpayer from the Monarch repatriation have been assessed to be £40.5m. This does not include any contribution from Greybull Capital or the principal shareholder, Petrol Jersey Limited. We do not expect any material change to the final cost to the taxpayer.</p><p> </p><p> </p><p> </p><p> </p> answering member printed Baroness Vere of Norbiton grouped question UIN HL15293 question first answered 09/05/2019 14:24:37 answering member 4580 label Biography information for Baroness Vere of Norbiton
tabling member	3869 label Biography information for Lord Myners

1122902

registered interest
date	24/04/2019
answering body	Department for Transport
answering dept id	27
answering dept short name	Transport
answering dept sort name	Transport
hansard heading	Monarch Airlines: Insolvency
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government, further to the Written Answer by Baroness Sugg on 12 March (HL14267), whether the contribution promised by Greybull to meet part of the cost incurred by taxpayers in repatriating customers of Monarch Airlines is dependent on the completion of the administration of the Monarch group of companies; and when ministers last met Greybull in connection with Greybull's contribution to costs.
tabling member printed	Lord Myners
uin	HL15293
answer	answer is ministerial correction date of answer 09/05/2019 answer text <p>Greybull Capital is not itself a shareholder in Monarch Airlines but it does perform an advisory and management role for the principal shareholder, Petrol Jersey Limited. There is no formal legal mechanism we can use to oblige Greybull to contribute towards the cost of repatriating passengers.</p><p> </p><p>However Marc Meyohas, partner at Greybull, wrote to the Transport Select Committee acknowledging a moral obligation (if they make a profit) to contribute and help to defray the costs incurred by the Government in repatriating Monarch customers.</p><p> </p><p>Discussions with Greybull in relation to recovering the costs of the repatriation operation have been in writing. Ministers last wrote to Greybull on this matter on 5 December 2018.</p><p> </p><p>The extent of any profit or loss from Greybull Capital and Petrol Jersey Limited’s investment in Monarch Airlines will depend on the outcome of the administration process, which is not due to conclude until October 2020.</p><p> </p><p>I refer to the Written Ministerial Statement made by the Secretary of State on 9 May 2019, which reported that the final cost to the taxpayer from the Monarch repatriation have been assessed to be £40.5m. This does not include any contribution from Greybull Capital or the principal shareholder, Petrol Jersey Limited. We do not expect any material change to the final cost to the taxpayer.</p><p> </p><p> </p><p> </p><p> </p> answering member printed Baroness Vere of Norbiton grouped question UIN HL15283 question first answered 09/05/2019 14:24:38 answering member 4580 label Biography information for Baroness Vere of Norbiton
tabling member	3869 label Biography information for Lord Myners

1082430

registered interest
date	05/03/2019
answering body	Department for Transport
answering dept id	27
answering dept short name	Transport
answering dept sort name	Transport
hansard heading	Monarch Airlines: Insolvency
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government, further to the Written Answer by Baroness Sugg on 28 February (HL13791), how much of the cost to the taxpayer of repatriating customers of Monarch airlines to the UK has been met by the owners or associates, including Greybull Capital, of the airline.
tabling member printed	Lord Myners
uin	HL14267
answer	answer is ministerial correction date of answer 12/03/2019 answer text <p>To date the Government has not received any payment from Greybull or Monarch’s investors. The administration of the Monarch group of companies continues and the Government is finalising contributions from the travel industry. We are grateful for the companies that have contributed to the costs of repatriating their customers, demonstrating their corporate social responsibility.</p><p> </p><p>Following on from the experience of Monarch, the Secretary of State for Transport commissioned an independent Airline Insolvency Review which is expected to report by spring 2019.</p> answering member printed Baroness Sugg question first answered 12/03/2019 14:51:51 answering member 4584 label Biography information for Baroness Sugg
tabling member	3869 label Biography information for Lord Myners

1063553

registered interest
date	18/02/2019
answering body	Department for Transport
answering dept id	27
answering dept short name	Transport
answering dept sort name	Transport
hansard heading	Monarch Airlines: Insolvency
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government how much progress has been made in recovering from the owners of Monarch Airlines the costs incurred by UK taxpayers in repatriating that airline’s passengers.
tabling member printed	Lord Myners
uin	HL13791
answer	answer is ministerial correction date of answer 28/02/2019 answer text <p>The Government has made good progress in recovering monies from a variety of sources including credit card companies and tour operators. We are grateful for the companies that have contributed to the costs of repatriating their customers, demonstrating their corporate social responsibility and encourage others to follow their example.</p><p> </p><p>In October 2017 we estimated that the total cost of the repatriation operation would be £60m. The actual cost of the repatriation operation is currently estimated to be about £50m and we do not expect this number to change significantly. Following on from the experience of Monarch, the Secretary of State for Transport commissioned an independent Airline Insolvency Review which is expected to report by spring 2019.</p> answering member printed Baroness Sugg question first answered 28/02/2019 13:34:53 answering member 4584 label Biography information for Baroness Sugg
tabling member	3869 label Biography information for Lord Myners

1036901

registered interest
date	07/01/2019
answering body	Department for Transport
answering dept id	27
answering dept short name	Transport
answering dept sort name	Transport
hansard heading	Monarch Airlines: Insolvency
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what assessment they have made of the cost to public expenditure of repatriating to the UK customers of Monarch Airlines; and what contribution to this cost they are seeking to reclaim from the airline's owners, investors, and associates.
tabling member printed	Lord Myners
uin	HL12543
answer	answer is ministerial correction date of answer 21/01/2019 answer text <p>In October 2017, the Government estimated that the total cost of Monarch’s repatriation operation would be £60m. The actual cost of repatriation is estimated to be about £50m and the Government does not expect this number to change significantly.</p><p> </p><p>As the administration of Monarch has yet to conclude, the Department continues to discuss contributions from the travel industry and the investors and estate of the company towards taxpayers costs.</p> answering member printed Baroness Sugg question first answered 21/01/2019 17:50:24 answering member 4584 label Biography information for Baroness Sugg
tabling member	3869 label Biography information for Lord Myners

933755

registered interest
date	02/07/2018
answering body	Department for Transport
answering dept id	27
answering dept short name	Transport
answering dept sort name	Transport
hansard heading	Monarch Airlines: Insolvency
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what progress they have made in (1) seeking recovery of the costs incurred in repatriating customers of Monarch Airlines to the UK, and (2) their negotiations with Greybull and its associates, the owners of the airline, in contributing to repayment to tax payers.
tabling member printed	Lord Myners
uin	HL9141
answer	answer is ministerial correction date of answer 12/07/2018 answer text <p>I refer the noble Lord back to my previous response to his question on 25 April 2018 (HL7119). We are seeking to recover costs of the operation from several third parties, however a final position on cost recoveries is unlikely to be known until the completion of the administration, which may take several months. We are, of course, determined to ensure that as much of taxpayers’ money is recovered as possible.</p><p> </p><p>The administrator, KPMG, has since published a progress report for the administration of Monarch Airlines Limited, which is freely available from http://www.insolvency-kpmg.co.uk. This report provides an interim update, which will inform our ongoing negotiation with Greybull.</p><p> </p><p>We will in due course be able to report back with more detail.</p> answering member printed Baroness Sugg question first answered 12/07/2018 12:51:27 answering member 4584 label Biography information for Baroness Sugg
tabling member	3869 label Biography information for Lord Myners

887322

registered interest
date	19/04/2018
answering body	Department for Transport
answering dept id	27
answering dept short name	Transport
answering dept sort name	Transport
hansard heading	Monarch Airlines: Insolvency
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what progress they have made in negotiations to secure contributions to the cost of repatriating stranded passengers of Monarch airlines from related parties of the airline, including Greybull Capital.
tabling member printed	Lord Myners
uin	HL7119
answer	answer is ministerial correction date of answer 25/04/2018 answer text <p>We are focused on making sure that there is clear burden sharing of the repatriation operation, and are seeking to recover costs of the operation from several third parties. This process is ongoing and a final position on cost recoveries is unlikely to be known until the completion of the administration, which may take several months. We will in due course be able to report back with more detail.</p> answering member printed Baroness Sugg question first answered 25/04/2018 10:39:17 answering member 4584 label Biography information for Baroness Sugg
tabling member	3869 label Biography information for Lord Myners

882378

registered interest
date	13/04/2018
answering body	Department for Transport
answering dept id	27
answering dept short name	Transport
answering dept sort name	Transport
hansard heading	Monarch Airlines: Insolvency
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Transport, what the cost to the public purse of repatriating UK citizens was after the collapse of Monarch airlines.
tabling member constituency	Plymouth, Sutton and Devonport
tabling member printed	Luke Pollard
uin	135316
answer	answer is ministerial correction date of answer 23/04/2018 answer text <p>The Department is not yet able to give a final figure for the costs of the repatriation operation as we are awaiting invoices from third parties. In line with the usual transparency guidelines on Government financial reporting, the final expenditure will be made clear in the annual accounts for the Department, the Civil Aviation Authority (CAA) and the Air Travel Trust (ATT), which should be published in June 2018.</p><p> </p><p>At this stage, the current forecasts suggest that the total cost of the repatriation operation remains broadly in line with the original estimate of around £60m.</p><p> </p><p>The Department is focused on making sure that there is clear burden sharing of the repatriation operation, and is seeking to recover costs of the operation from third parties. This is a continuing process and a final position on cost recovery is unlikely to be known until the completion of the administrative process; this may take several months. The Department will in due course be able to report back with more detail.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 135317 135319 135321 question first answered 23/04/2018 13:44:10 answering member 3991 label Biography information for Jesse Norman
tabling member	4682 label Biography information for Luke Pollard

882379

registered interest
date	13/04/2018
answering body	Department for Transport
answering dept id	27
answering dept short name	Transport
answering dept sort name	Transport
hansard heading	Monarch Airlines: Insolvency
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Transport, how much and what proportion of the cost of repatriating UK citizens after the collapse of monarch airlines came from (a) the public purse, (b) the travel industry, (c) credit card companies, (d) insurance companies (e) other sources.
tabling member constituency	Plymouth, Sutton and Devonport
tabling member printed	Luke Pollard
uin	135317
answer	answer is ministerial correction date of answer 23/04/2018 answer text <p>The Department is not yet able to give a final figure for the costs of the repatriation operation as we are awaiting invoices from third parties. In line with the usual transparency guidelines on Government financial reporting, the final expenditure will be made clear in the annual accounts for the Department, the Civil Aviation Authority (CAA) and the Air Travel Trust (ATT), which should be published in June 2018.</p><p> </p><p>At this stage, the current forecasts suggest that the total cost of the repatriation operation remains broadly in line with the original estimate of around £60m.</p><p> </p><p>The Department is focused on making sure that there is clear burden sharing of the repatriation operation, and is seeking to recover costs of the operation from third parties. This is a continuing process and a final position on cost recovery is unlikely to be known until the completion of the administrative process; this may take several months. The Department will in due course be able to report back with more detail.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 135316 135319 135321 question first answered 23/04/2018 13:44:10 answering member 3991 label Biography information for Jesse Norman
tabling member	4682 label Biography information for Luke Pollard

882381

registered interest
date	13/04/2018
answering body	Department for Transport
answering dept id	27
answering dept short name	Transport
answering dept sort name	Transport
hansard heading	Monarch Airlines: Insolvency
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Transport, what estimate he has made of final cost to the public purse of costs not recharged after the collapse of Monarch airlines.
tabling member constituency	Plymouth, Sutton and Devonport
tabling member printed	Luke Pollard
uin	135319
answer	answer is ministerial correction date of answer 23/04/2018 answer text <p>The Department is not yet able to give a final figure for the costs of the repatriation operation as we are awaiting invoices from third parties. In line with the usual transparency guidelines on Government financial reporting, the final expenditure will be made clear in the annual accounts for the Department, the Civil Aviation Authority (CAA) and the Air Travel Trust (ATT), which should be published in June 2018.</p><p> </p><p>At this stage, the current forecasts suggest that the total cost of the repatriation operation remains broadly in line with the original estimate of around £60m.</p><p> </p><p>The Department is focused on making sure that there is clear burden sharing of the repatriation operation, and is seeking to recover costs of the operation from third parties. This is a continuing process and a final position on cost recovery is unlikely to be known until the completion of the administrative process; this may take several months. The Department will in due course be able to report back with more detail.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 135316 135317 135321 question first answered 23/04/2018 13:44:10 answering member 3991 label Biography information for Jesse Norman
tabling member	4682 label Biography information for Luke Pollard