NEWS TRAVEL WEEKLY BUSINESS CONTINUED FROM THE BACK


all accommodation, up to a maimum of 1 per visitor. The city has yet to report


on the findings, ut The Scotsman nespaper reported


ouncillors elieve a levy ould help deal ith increasing resentment among residents irritated by visitors.” ta chief eecutive ar


Tanzer told the association’s Travel onvention last ctoer that overtourism requires urgent attention, hile the  orld Tourism rganisation T has arned of intensifying overtourism in some cities. n a report in eptemer, the T noted  rise in negative attitudes toards visitors among local populations due to perceived overcroding, noise and other nuisances.” Japan introduced a departure


ta of 1, yen . per person from onday January . The ta is payale on departure at airports, although transit passengers are ecluded as are passengers ho ought ticets in advance of the start date. The Japanese government


plans to use the ta revenue to improve facilities for visitors as it sees to oost arrivals. ac in Venice, the head of


the Venetian hotel managers association, laudio carpa, elcomed the proposed ta. He said: “The principle is that hoever visits from morning to evening, contriuting just a tiny amount to the revenue from tourism ut imposing costs on our services, must understand it’s not there for free.” Venice already levies a ta on


hotel occupants, raising aout €30 million a year. But the city reports a minority of visitors stay in the historic centre and estimates the landing ta could generate  million a year. The mayor of lorence has demanded other cities in Italy e alloed to impose similar taes on day visitors.


400 jobs lost as Monarch Aircraft Engineering fails


Ian Taylor ian.taylor@travelweekly.co.uk


Monarch Aircraft Engineering went into administration last week, 15 months after the collapse of former parent Monarch Airlines Group.


The failure meant the immediate loss of more than 400 jobs. It came despite the firm restructuring under a company voluntary arrangement V last ctoer.  V is a form of insolvency alloing a business to shed its debt. The company carried out aircraft


maintenance on behalf of carriers including Thomas oo irlines, Virgin tlantic, lye and Vueling, primarily at uton and irmingham ut also at atic, ast idlands, ecastle and lasgo. Joint administrator David


ie of  reported the V insolvency led to a loss of customers hich, in turn, left the business “unsustainable”. e said Through the


insolvency of the airline in 1, the company inherited significant dets and claims. olloing the V, a numer of customers


India’s Jet Airways in rescue talks with banks and Etihad


ndias secondlargest airline Jet irays has until the end of January to come up ith a rescue plan after defaulting on a an payment at the end of December. The carrier as in negotiations


ith a consortium of ans led y tate an of ndia this ee, along ith tihad irays hich holds a  stae in the airline. t is suggested tihad may agree


78travelweekly.co.uk10 January 2019


TROUBLED: Jet Airways hopes a turnaround plan will be approved


to increase its stae despite pulling out of its investments in other carriers, including litalia and ir erlin, in 1. Jet irays lamed a temporary


HANGAR: Monarch Aircraft Engineering inherited debts from the 2017 failure of Monarch Airlines


£100m


Reported debts of Monarch Aircraft Engineering


reduced or sought to terminate their relationship.” oever, at the time of the


V,  reported The companys hangars in uton and irmingham are fully utilised and operating at maimum capacity, ith contracted or stretching throughout 1.  said an attempt to find a buyer had proved unsuccessful


and maintenance or had already transferred to other companies. The usiness ill retain aout 1 staff hile it inds up operations and sees uyers for the maintenance facilities. Trade union Unite threatened


legal action over the failure to consult on the job losses. onarch ircraft ngineering


as reported to have dets of more than 1 million, much of it held y former onarch irlines oner reyull apital hich became the majority shareholder last ctoer and pledged a significant funding commitment. t the time, onarch ircraft ngineering chief eecutive hris are said e plan to move forard ith amitious plans for groth.


cashflo mismatch for the default on December 31. It did not disclose the payment due. n a statement, the airline said


Jet irays remains optimistic. The tals are progressing ell and e hope to reach a resolution. oever, the carrier has faced


prolonged financial difficulties, having reported a loss in nine of the past 11 years, amid intense competition among ndian airlines. umaiased Jet has een delaying salary payments to staff since ugust last year.  turnaround plan is epected to be submitted by January 21.


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