Government considers NATS stake sale
23.06.10
The Government could sell its stake in air traffic control company NATS, the Chancellor of the Exchequer George Osborne said yesterday. The announcement that it may sell its 49% interest was made during the Emergency Budget, and is aimed at raising funds to plug the huge budget deficit.
NATS is a public private partnership that provides air traffic control services to aircraft flying in UK airspace, and over the eastern part of the North Atlantic. A 42% stake in the company is held by an airline consortium known as the Airline Group, made up of BA, bmi, Virgin, Thomson, Monarch, easyJet and Thomas Cook. NATS staff hold 5% and BAA holds the remaining 4%.
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