From my 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."
In addition just rememember why Nats shareholders are in deep financial sh1t. BA (one of the airline group)
was fined £120 million last year for fuel surcharge price fixing with Virgin (another one of the airline group
) The BA managers responsible are now facing jail.
Also
NATS reportedly lost £120 million over the AENA SACTA Spanish deal last year. Thats
£240 million which could have boosted our pension! And BAA's new Spanish owners are struggling to finance their
£10 billion loan.
Make no mistake NATS management are extremely worried they might lose out big time 
They will tell you anything to sway you over the Pension proposals. Don't beleive them......
vote
NO 