PPRuNe Forums - View Single Post - NATS Pensions (Split from Pay 2009 thread)
Old 28th Sep 2008, 20:50
  #357 (permalink)  
Air.Farce.1
 
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My thoughts exactly.

Can I just reiterate my thoughts from a previous post....

"Legal Status and Ownership

NATS Holdings Ltd is the holding company for NATS Group. It owns NATS Ltd, which in turn owns two operating subsidiaries: NATS (En-Route) plc (NERL) and NATS (Services) Ltd (NSL). The Airline Group Ltd, a consortium of seven airlines, has the majority of voting rights and 41.9% of the shares of NATS Holdings Ltd. The Secretary of State for Transport owns 48.9%, BAA plc 4.2%; and NATS Employee Sharetrust Ltd 5%.

The Government is the major shareholder (48.9%) and NATS cannot go into administration. There is a good reason why they still part own it... because NATS is essential to the UK both economically and from a safety and security aspect, thus NATS will not be allowed to go into administration -even if it could."

Bearing the above in mind, since the Government owns 48.9% which belongs to the Public sector, perhaps we are attacking this from the wrong angle. Has anyone lobbied their local MP ? NATS is predominantly owned by the Government not the private shareholders above.

Please bear these facts in mind and try and steer away from any attempts to have your minds changed by the faint hearted who post management and dare I say Union "working together" opinions on this forum.

Consider this also, the meer threat of a one day strike would not be tolerated by the Public, never mind an actual ATC strike. We know the effects from a 3 hour computer glitch - headline news and major delays.
Do not underestimate the skills you have which this Government and the public cannot do without


Last edited by Air.Farce.1; 28th Sep 2008 at 21:14.
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