LDC’s multi-million pound bail out of Airline Services
Manchester-based Airline Services, which faced ruin following the collapse of Monarch Airlines, has received millions of pounds from LDC, the private equity company owned by Lloyds Banking Group.
The company specialises in cleaning and de-icing planes at airports across the UK and feared revenue would plummet in the aftermath of the appointment of administrators at Monarch, putting at risk the jobs of more than 1,000 people it employs. The company made pre-tax losses of nearly £15m in 2016.
It is believed to be heavily depen... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
