Airlines look to sell stake in NATS

Wednesday, 24 Sep, 2012 0

Thomas Cook and Monarch are looking to sell a minority stake in air traffic control system, NATS.

The Airline Group – a consortium of seven carrriers including Thomas Cook, Monarch, easyJet, British Airways and Virgin Atlantic – bought into the National Air Traffic Services (NATS) when it was privatised in 2001.

The Airline Group owns 42%, airport operator BAA holds a 4% stake, 5% is owned by staff and the remainder belongs to the Government.

It is believed Thomas Cook and Monarch want to push ahead with the sale while easyJet, BA and Virgin are keen to keep their shares.

Investment bank Rothschild will look into potential buyers with DFS, the German air traffic control provider believed to be interested, reports the Sunday Times.

 

By Diane Evans



 

profileimage

Diane



Most Read

Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know

Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham

Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago

Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research

Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact

Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference

Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role

Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal

Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination

Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness

Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future

Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
TRAINING & COMPETITION
Skip to toolbar
Clearing CSS/JS assets' cache... Please wait until this notice disappears...
Updating... Please wait...