ABTA welcomes this morning’s announcement that Monarch has successfully secured the biggest investment in its history, which has allowed it to renew its ATOL licences, enabling it to continue to provide flights and holidays for thousands of UK holidaymakers.

“Monarch is one of the UK’s best-known, most established travel brands and has been operating successfully for the past 48 years. It is very good news not only for Monarch, its staff and customers but for the travel industry as a whole.