Ben Doonigan
We are not a 'not for profit' organisation.
We
are a 'not for financial gain' organisation.
There is a subtle difference (allegedly), however the whole way we have been burdened by debt and the fact the airlines are wanting out at the first possible moment (with the resultant profit), and the fact that our shareholders want a dividend (and gets it), reduced costs and continued investment stinks IMHO.
As Eglnyt has stated, NATS sell-off was not unique though - the Consrvatives started it, Labour carried on the pillage of public services. (despite the Labour slogan and promise 'Our Skies Are Not For Sale').
I assume that as the airlines have only paid circa £60M of their own money, it would be too much to hope that they would only make profit on the shares that £60M bought them at the time of PPP???
That would be the fair way to do it, with the rest of the profit going towards the debt NATS is servicing.
It's galling that during CP3 and all the bleating by the airlines about NATS being too expensive, our 'partners' in the Airline Group conveniently forget that a great deal of NATS debt is down to them...
