Monarch Airlines - Britain's longest surviving airline brand - has gone into admnistration, which Transport Minister Chris Grayling says is a result of 'the price war in the mediterranean'. a spokesperson for Graybull Capital, who own Monarch, said 'terrorism and the collapse of the pound after the Brexit vote were the two main factors' in the company's collapse. Report by Russellcooperr. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn