NATS Arranges £130m Bailout | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Airborne Unlimited-
Monday

Airborne-Unmanned w/AUVSI-
Tuesday

Airborne Unlimited-
Wednesday

AMA Drone Report-
Thursday

Airborne Unlimited-
Friday

Airborne On ANN

Airborne Unlimited-04.15.19

Airborne UnManned-04.16.19

Airborne Unlimited-04.17.19

AMA Drone Report-04.18.19

Airborne Unlimited-04.12.19

Airborne-YouTube

Airborne Unlimited-04.15.19

Airborne UnManned-04.16.19

Airborne Unlimited-04.17.19

AMA Drone Report-04.18.19

Airborne Unlimited-04.12.19

ANN's AEA 2019 LIVE Coverage Archive: www.airborne-live.net -- Don't Miss It!

Thu, Jun 13, 2002

NATS Arranges £130m Bailout

Long in financial trouble after what has been perhaps optimistically called "privatization," the ATC system in Britain may soon see millions of additional taxpayer pounds sterling added to its bank account, to match "private" funds, and keep the over-regulated system working, until the next cash crisis.
NATS, 49%-owned by the government (yet called a "privatized" enterprise by those who think the 46% airline ownership and 5% actual "private" ownership makes it less-governmental), has been losing money since Day One ("Part-Socialism Bad as The Whole Thing: <<A class=_blank href="http://www.aero-news.net/news/commercial.cfm?ContentBlockID=E1363689-E229-49E3-B5A4-2C6E48F3135C">STRONG>NATS Bailout -- 'Private Ownership, Public Control' is Still Socialism, and Still Doesn't Work").
Now, facing possible bankruptcy and still without a workable (and government-approved) fee structure, Britain's ATC system is prevailing upon taxpayer subsidies (£65 million) to be matched by "airline contributions" (fare increases) of another £65 million.
The only real problem is that NATS, under its present, and foreseeable structures, won't break even, or ever pay the money back.
Transport Minister David Jamieson and NATS chief executive Richard Everitt confirmed what details are visible, when they addressed a Parliament committee Tuesday. The airlines have agreed to their £65 million, provided the MPs donate an equal amount of taxpayer money.
As for a workable fee structure, it has yet to be determined. If things continue as they are today, in other words, this £130 million could be gone soon, too; and another, similar problem could become evident within less than a year.

FMI: http://www.nats.co.uk

Advertisement

More News

Airborne 04.15.19: Stratolaunch!, SpaceIL Heartbreak, 1st Flt-Flaris 1

Also: Sonaca 200 Trainer Pro, Avenatti's Jet Seized, Harris Awarded $84 Million, 915 iS SB The gigantic Stratolaunch program, envisioned and spearheaded by the late Paul G. Allen, >[...]

Airborne-Unmanned 04.16.19: Wing Delivers, SpaceIL Attempt, Utah Legislature

Also: AUVSI Keynote Speakers, CA SAR Upgrades, UAVOS Advanced Data Link, FLIR Invests Google’s ‘Wing’ has launched a drone delivery service in North Canberra, Aus>[...]

Airborne 04.01.19: ANN's Infamous April 1st Episode! Drone Skeet, ADS-B Boots...

Also: AOPA Hacking EAA Drone Show?, Campbell Joins SnF Board, Jet Teams Go Retro, Methane-Power, YUP... its THAT time of year again! This is ANN's infamous April First Episode... s>[...]

Airborne-Unmanned 04.16.19: Wing Delivers, SpaceIL Attempt, Utah Legislature

Also: AUVSI Keynote Speakers, CA SAR Upgrades, UAVOS Advanced Data Link, FLIR Invests Google’s ‘Wing’ has launched a drone delivery service in North Canberra, Aus>[...]

AMA Drone Report 04.11.19: AMA v Farmer's, FAA Seeks Comments, Hollywood UAVs

Also: Hovering Drone Record, LAFD And DJI, Missing Person Searches, Video Streaming UAVs AMA has some heartburn with Farmers Insurance... They aired a commercial which highlighted >[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2019 Web Development & Design by Pauli Systems, LC