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Britain's transport minister to make statement on Monarch collapse

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Britain's transport minister to make statement on Monarch collapse

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LONDON (Reuters) – British transport minister Chris Grayling will make a statement on Monarch Airlines [MONA.UL], which collapsed last week, in parliament at around 1430 GMT on Monday. The airline collapsed and made 90 percent of the staff on Monarch Airlines and Travel Group redundant after falling victim to intense competition for flights and a weaker pound.

(Reporting by William James, editing by Elizabeth Piper)
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