Germany: Privatisation of ATC postponed
 

Quote:

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German Minister of Transport Wolgang Tiefensee has for now scrapped plans to privatise German air-traffic control operator Deutsche Flugsicherung GmbH (DFS), Financial Times Deutschland reported, citing no sources.

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As expected.

Regards,

Robert

Robert,

Be very, very careful dealing with politicos.

The ruling party here in the UK, "New" Labour stated very clearly when in opposition.

Very soon after they came to power and proved their promises were worthless. NATS was effectively Privatised.

A good thing? I do not believe so.

BEX

<<A good thing? I do not believe so.>>

Nor me. For one thing, back in the Civil Service days managers did not receive obscene bonuses for messing up the system.

Tiefensee is actually in the goverment, therefore he would not change his mind when switching from opposition to goverment.
and they already tried to sell the shares (DFS is a private company owend by the state) but they stumbeld over our President Köhler.
The most important point in selling part of the DFS is the money, but in the present economical climate they don't need the few bucks to fill some gaps, since the taxes provide enough income in the moment.



Saigor

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Which was part of the reason NATS was, effectively, Privatised.

Labour, with Gordon Brown as Chancellor, had pledged to stick to the previous Governements spending Plan. That included some £650m from the sale of NATS. Note, nothing to do with investment or better services, all to do with Political expediency.

CAA/NATS did require investment at the time. Loans were available from non state sources (banks, pensions schemes stc) but the Government would have been requied to guarantee the loan. That would have the effect of counting against the PSBR. They were unwilling to do this.

There was a simple solution, used by the treasury to fund what was the Atomic Energy Authority, and that was to rewrite the rules so that "special infrastructure lending" did not count against PSBR

The Government chose not to persue this, claiming that CAA/ NATS had to be privatised (or PPPed), while all along knowing that they needed the cash from the sale of NATS.

Politicians? Never Trust ANY of them.

BEX

Old Labour or New Labour, they have one thing in common; they want your MONEY!!