There is a continuing assumption when discussing NATS future that it will "fold" if things don't look up. Indeed NATS management actively encourage this line of thinking probably in order to un-nerve the staff.
Well, it occurs to me that with HMG as the MAJOR shareholder (49%) this cannot happen. Bail out money will always be available. Therefore the only people who are really un-nerved by NATS possible financial failure and renationalisation (like RailTrack)are the existing management.
It's their jobs that are looking less than secure, not the operational staff.
rgds BEX