Monarch Airlines on its way out?

[Martin43]

Lots and lots of rumours circulating on social media and other aviation websites that Monarch Airlines is about to go bust imminently. Apparently there are quite a few United 744's and possibly Air Transat and Omni Air Internatiol aircraft making there way to several Mediterranean airports in anticipation of this happening.

All of this on the back of an order for 30 Boeing 737 Max 8's.

Fingers crossed for all that this isn't true or a way out can be found.