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-

Airborne Unmanned-
Alt. Wednesdays

Airborne Flight Training-Alt. Wednesdays

Airborne Unlimited-

Airborne Special Programs!

Airborne On ANN

Airborne Unlimited--07.06.20


NEW! Airborne-Flight Training--07.01.20

Airborne Unlimited--07.03.20

Airborne's Annual April 1st Episode


Airborne Unlimited--07.06.20


NEW! Airborne-Flight Training--07.01.20

Airborne Unlimited--07.03.20

The 2020 Avionics Innovation Preview!

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="">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.



More News

ANN's Daily Aero-Linx (07.08.20)

Aero Linx: Tuskegee Airmen Scholarship Foundation (TASF) The mission of the Tuskegee Airmen Scholarship Foundation (TASF) is to honor the legacy of the Tuskegee Airmen by providing>[...]

ANN's Daily Aero-Term (07.06.20): Approach Light System (ALS)

Approach Light System (ALS) An airport lighting facility which provides visual guidance to landing aircraft by radiating light beams in a directional pattern by which the pilot ali>[...]

ANN's Daily Aero-Linx (07.06.20)

Aero Linx: Air Canada Pilots Association (ACPA) With more than 4,300 members who fly passengers and cargo around the world on Air Canada and Air Canada rouge, Air Canada Pilots Ass>[...]

Airborne-Flight Training 07.01.20: WAI Scholarships, eFlyer 2 Report, FSANA 2021

Also: ERAU Maintenance Students, EAA Chapter Scholarship, FlightSafety Maintenance Training, Horizon Int'l Flt Academy With new scholarships being posted weekly, the 2021 WAI schol>[...]

Airborne 07.06.20: Stratos 716X, Phillies Pitcher Lost, King Schools Giveaway

Also: Great Aircraft Raffle, Cancel Culture Strikes Boeing, ABQ Balloon Fiesta Postponed, USCG Rescue Stratos Aircraft has conducted the first flight of its Stratos 716X model - re>[...]

blog comments powered by Disqus





© 2007 - 2020 Web Development & Design by Pauli Systems, LC