Monarch scheme to enter PPF after restructuring

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The Monarch Airlines scheme will enter the Pension Protection Fund (PPF) after a restructuring which will see the lifeboat fund take a 10% stake in the scheme's exiting sponsor.

The remaining 90% will be bought by investment firm Greybull in a deal the company said would save approximately 2,500 jobs. The scheme, which has a deficit of approximately £660m on a buyout ba...

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