NAS haven't got the resources to run an operation at Gatwick anymore, no company will give them credit facilities given their track record. The pilot unions in Spain have started a legal case against the company arguing that even though they had contracts with NAR Spain (OSM) due to the shareholdings and exclusive use of the crews, the crews effectively worked for NAS and thus they had employee rights. If the Spanish courts except the challenge it could tie NAS up for months while an agreement / settlement is made and blow any offers of funding out of the water, potentially employees would become creditors of the parent company and the courts may take charges over any assets, Given the value of these assets are fundamental to the NAS07 bond agreement it could get very messy. Guess they will want their ducks in a line before 18th May