Government to cut controlling stake in NATS?
05.12.09
Plans to reduce the Government's stake in the company that operates British air traffic control are to be unveiled on Monday, Sky News reports. Its City editor Mark Kleinman said: ' [This] is significant because it would mean the private sector owning a controlling stake in it for the first time.’
The firm, NATS, provides air traffic control services at 15 of the UK's biggest airports. It also performs ‘en-route’ services for aircraft flying through British airspace. Mr Kleinman said: ‘At the moment, the Government owns 51% of NATS with the rest is owned by airlines, including BA and Virgin Atlantic.'
‘An announcement is going to form part of a big pre-PBR push announced on Monday called 'Smarter Government'. It will include an update on the sale of assets including the Tote, NHS Professionals and a big student loans portfolio.’
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