Airlines face shock £100m NATS bill.....

[Warped Factor]

....according to this Observer on Sunday (http://www.observer.co.uk/business/story/0,6903,914956,00.html) article.

WF.

[2 six 4]

Richard Everett's e mail today did say that there would be press speculation in the next few weeks when the announcement about financial restructuring is to be made.

Not a lot of logic to this story. Since Sept 11th NATS has not borrowed money but been supported by it's shareholders. New equity bought in by the BAA investment being matched by Govt. That totals more than £100m.

NATS at the moment does not need extra cash but needs access to borrowing for equipment investment. That is what the restructuring is all about.

IATA has a member on the board of NATS so nothing should come as a shock to the airlines because they will be informed by NATS or their IATA representative. NATS / CAA / airlines all consulted on the restructuring.

Nice story but probably well wide of the mark.

[Hilico]

Glad it won't come as a shock to NATS / CAA / Airlines.

Now, what about GA?