The Times 22 May 2002
"
the Civil Aviation Authority said Nats had overstated its financial difficulties and was still due to make a 10 per cent return on its assets despite losing £190 million from the slump in demand for air travel after September 11. The CAA calculates that Nats will make up £163 million of the loss through extra efficiency gains and revenue increases.
Doug Andrew, the CAA’s economic regulation director, said that the remaining £27 million would be more than covered by a £79 million “buffer” agreed with the Government. "
That leaves £52 million in the kitty for pay raises!
