 Greybull employed Deutsche Bank in April 2016 to 'explore strategic options for Monarch Airlines', including growth opportunities in Europe and selling it.Monarch Airlines seeking in June 2016 to secure £35m either from Greybull or a 3rd party.Amid rumors of imminent bankruptcy in September 2016 Monarch's ATOL aviation insurance was extended for 2 weeks by fresh investment, and by then, £165m of Greybull investment renewed Monarch's annual licence.