<P> On 3 November 2011, Monarch received a £ 75m rescue package for the airline . It was then announced that Monarch were to launch of 14 additional routes serving new destinations in Italy, Croatia and Greece from their bases . The new flights commenced at the start of the 2012 summer season . Monarch also received two Airbus A320 aircraft to support the increased level of activity . The addition of these aircraft was the first stage of a medium - term plan to increase the fleet size to 40 aircraft in support of the airline's goal to carry 10 million passengers annually . Growing the fleet to enable an increase in passenger numbers was supposed to allow the airline to spread its fixed costs over a higher level of output, thus resulting in greater economies of scale . </P> <P> On 3 May 2012, Monarch announced that they were to open a new base at East Midlands Airport in Autumn 2012, to replace some routes previously flown by Bmibaby, who ceased operations completely on 9 September 2012 . On 8 May 2012 the airline announced operations from Leeds / Bradford with 2 new winter destinations, Munich and Grenoble . They also announced plans for a large expansion in summer 2013 . On 10 July 2012, it was announced that Monarch were to launch a new base at Leeds / Bradford with 12 new destinations . The base opened on 22 March 2013 . As of mid-2012, Globus Travel's shareholders included Amerald Investments (88%), Atlantic Financial Services (7%) and Abaco Holdings (4%). On 13 December 2012 Monarch announced that they had come on board as a new sponsor for Leeds United AFC, in order to promote Monarch's base and routes at Leeds Bradford Airport . </P> <P> On 1 July 2013, Monarch announced an order for a further two Airbus A321s . The aircraft were due to be delivered in April and May 2015, but the order was changed to just 1 A320 which was delivered in April 2015 . On 12 December 2013, Monarch announced that Monarch Airlines had returned to profit in year ending October 2013 and that passenger numbers were up 9.5% to 7 million and in line to carry more than 10 million by 2016 . In the same announcement Monarch confirmed that it planned to order 60 new aircraft in an order worth $6 Billion for delivery up to 2024 and would announce the successful tender in Q1 of 2014 from either Airbus / Boeing and Bombardier . </P> <P> In July 2014 the airline announced that it had selected Boeing, with the 737MAX, as the preferred bidder for 30 new aircraft . The order was confirmed in October 2014, with deliveries due to take place from Q2 of 2018 . </P>

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