PPRuNe Forums - View Single Post - NATS £50 million BIG hole!
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Old 18th June 2003 | 06:18
  #7 (permalink)  
2 six 4
 
Joined: Sep 1998
Posts: 272
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From: UK
ferris

Surprise surprise NATS is a private company. My understanding is that until the financial restucturing a while ago it had been technically bankrupt since Sept 12th 2001. It was kept afloat by its shareholders ..... which is legitimate. Only thing unusual is that NATS major shareholder is HMG and the tax payer probably does not realise they have been keeping NATS going for 2 years.

Another £50m hole ? Oh well just throw some more taxpayers money into the hole.
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