Monarch collapse was timed to keep disruption to minimum, says CEO

Executives knew airline’s fate on Saturday but waited more than 24 hours to go into administration to allow CAA to prepareThe collapse of Monarch was timed to avoid more disruption and could not have been averted because of Britain’s insolvency laws, the airline’s chief executive has said.Monarch was placed into administration at 4am on Monday, triggering Britain’s biggest peacetime repatriation of stranded air travellers, which is expected to take about two weeks to comp