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Airline back on track in time for summer schedule

Luton based airline Monarch say it's on course to return to profit this year following a rescue package of more than £100 million and hundreds of redundancies.

The carrier has reduced its fleet by eight planes to 34 and will end long-haul and charter flights this summer as it turns itself into a short-haul airline.

It was rescued last year by family investment firm Greybull Capital, who pumped £125 million into the loss-making company. The business also axed 700 jobs.

Monarch Airlines set to return to profit Credit: Press Association