UK's Monarch Airlines Cancels 787 Order
By Dominic Gates, The Seattle Times | Sep. 07, 2011
Monarch Airlines, a British tour company that operates cheap vacation flights to European destinations, canceled its order for six Boeing 787 Dreamliners Tuesday.
The order was worth US$916 million at list prices when announced in 2006, but after standard discounts its estimated real value is US$600 million, based on data from market valuation firm Avitas.
The cancelation reduces the Dreamliner order book to 821 aircraft.
Last year, Boeing selected Monarch as a partner in the UK to perform maintenance and repair of 787s at its London and Manchester bases as part of the GoldCare service to support carriers flying the Dreamliner.
In a statement, Monarch said the order cancelation would not affect that engineering support agreement.