Monarch Airline’s financial collapse triggers UK repatriation of 110,000 flyers

British short-haul carrier Monarch Airlines ceased trading suddenly Monday following a financial collapse, the biggest failure of its kind in Britain, prompting the government into emergency action in returning home 110,000 stranded passengers. Monarch and its holidays business entered administration, with KPMG appointed to oversee the financial chaos that has left about 2,100 staff likely having…