What a surprise !!!!
The bidding process was really awful. In practice the PPP was assigned to the group, which was keen to accept the highest loan so restricting the margin of manouvre for NATS in the market.
The bill is very long:
800 millions to the Treasury in 20 years
600 millions in loans in 20 years
800 millions (my estimation) in much needed investments in the next 5-8 years(FDPS, Prestwick, etc.).
XXX millions in order to avoid ATCOs moving to other markets or to prevent early retirements. This is much needed quick and dirty money.
To get the full picture, I would need to understand something about incomes:
What is the yearly gross income ? How much it remains deducting the operating costs and the payment of loans ?
Is NATS already under the water ?
Thanks Checco
:o