Monarch engineers scramble for rescue amid winding-up threat

The engineering arm of Monarch Airlines is this week scrambling to put together a financial restructuring deal amid the threat of a possible winding-up petition from the taxman.Sky News has learnt that Her Majesty's Revenue & Customs (HMRC) has drawn up plans to take action against Monarch Aircraft Engineering (MAEL) over an unpaid tax bill, the size of which was unclear on Thursday evening.The move raises questions over the future of a business which employs more than 800 people and provide