File photo dated 20/11/12 of a Monarch Airways plane landing at Birmingham Airport, as Monarch Airlines agreed a rescue deal which will see an investment firm pumping more than £100 million into the company, but also involves pay cuts of up to 30% for staff and hundreds of redundancies. PRESS ASSOCIATION Photo. Issue date: Saturday October 25, 2014. The company said it had secured £125 million of permanent capital and liquidity facilities from Greybull Capital, anchored by a £50 million capital commitment. See PA story CITY Monarch. Photo credit should read: David Jones/PA Wire
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