Monarch collapse is not a sign of general aviation sector problems: minister

MANCHESTER, England (Reuters) - The collapse of Monarch Airlines is not indicative of wider problems in the sector, British transport minister Chris Grayling said in a speech on Monday.

Britain's Monarch Airlines collapsed on Monday, causing the cancellation of hundreds of thousands of holidays, after falling victim to intense competition for flights and a weaker pound.

"Let nobody think this is a sign of general problems in our aviation sector," Grayling said.

(Reporting by William James; editing by Kate Holton)