Air Transport World

NATS. (Europe Report).(Brief Article)

NATS, the UK's financially strapped air traffic services provider, was to receive a much-needed [pounds sterling]130 million ($203.6 million) cash injection provided equally by the UK government and BAA, but in return NATS will have to improve its operating performance, which CAA Chairman Roy McNulty described as "unacceptable." BAA will receive a 4% stake in NATS and two loan notes amounting to [pounds sterling]60 million in return for its [pounds sterling]65 million contribution. …

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