PPRuNe Forums - View Single Post - LATCC OPen Meeting - 6/11/2001
View Single Post
Old 6th Nov 2001, 20:41
  #5 (permalink)  
Mr Chips
 
Join Date: Jan 1999
Location: London
Posts: 199
Likes: 0
Received 0 Likes on 0 Posts
Post

Not much to report, not much said!!! Also, not many people there - I counted ermmm no operational staff (if you were behind me and I missed you - sorry!)

December pay - will be paid before Xmas
Pensions Holiday - apparently just a rumour, BUT they are reviewing the pensions surplus. the unions are involved in negotiations....

I did raise the question of communication, and Ian Hall certainly looked as though he would take it on...

Most of the meeting was taken up with a presentation from a senior manager (Graham?) which seemed to me to be in an ancient dialect of Swahili, so I'm not really sure what he said. Upshot was:
Airline group borrowed £700m to buy us
Airline group has debt of £700m
Airline group owns NATS
NATS has debt of £700m

Mr Hall, if you are reading this - nice analogy with the house/wedding thing!

We have a charging system of RPI -x which cannot be changed, so we can't try and get more money for route charges...

I will now open the floor to questions...
Mr Chips is offline