PPRuNe Forums - View Single Post - NATS Pensions (Split from Pay 2009 thread)
Old 14th October 2008 | 10:42
  #603 (permalink)  
Stupendous Man
 
Joined: Jan 2001
Posts: 146
Likes: 0
From: Destination 22
From http://www.publications.parliament.u...bacc/80/80.pdf

The Airline Group acquired a 46% share, a majority on the Board and operational control of NATS despite having paid only one sixteenth of the purchase price, the rest being financed by loans repayable by NATS itself. Departments undertaking PPPs should ensure that their chosen strategic partners accept risk commensurate with their control of the business and the accompanying responsibilities.

In my mind they are responsible for the risks they took on and therefore they should be providing the funding to ensure the fund - not the staff.
Stupendous Man is offline  
Reply