October 2, 2017 / 3:00 PM / a year ago

Monarch collapse is not a sign of general aviation sector problems -minister

MANCHESTER, England, Oct 2 (Reuters) - The collapse of Monarch Airlines is not indicative of wider problems in the sector, British transport minister Chris Grayling said in a speech on Monday.

Britain’s Monarch Airlines collapsed on Monday, causing the cancellation of hundreds of thousands of holidays, after falling victim to intense competition for flights and a weaker pound.

“Let nobody think this is a sign of general problems in our aviation sector,” Grayling said. (Reporting by William James; editing by Kate Holton)

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