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Monarch boss 'confident' on airline's future

UK airline Monarch has settled worries over its immediate future by agreeing a £165m investment from Greybull Capital.

Monarch's chief executive Andrew Swaffield told Radio 4's Today programme that they respected the demands of the Civil Aviation Authority for it to have robust finances and the airline was now "on the brink of transformation".

(Photo: Monarch plane. Credit: BBC)

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