NATS in financial crisis ?

[ghost-rider]

Heard on the BBC this morning that NATS is possibly about to go into administration due to financial crisis again blamed on Sep 11 due reduced revenue.

Apparantly four major banks are about to pull the plug on loans they gave earlier.

NATS officials are denying this though. See <a href="http://news.bbc.co.uk/hi/english/business/newsid_1828000/1828481.stm" target="_blank">http://news.bbc.co.uk/hi/english/business/newsid_1828000/1828481.stm</a>

[ 19 February 2002: Message edited by: ghost-rider ]</p>

[Capt H Peacock]

Oh Dear. One doesn't like to say we told you so - but we told you so. Standby for a windswept and interesting new name like Dyspepsia or Collisionia, large management pay-off and a complete denial of responsibility from John Prescott.

[ALTSEL]

I sent so many emails to Prescott last year about not going down the privatisation route, all to no avail.

The result just sums up these people. I hope that they are ashamed of themselves. British ATC remains one of the few aspects about the UK that we can still be proud about. These Labour Muppets are only to happy to waste the efforts of these fine people and their goal is clearly to place the UK firmly in the third world league!

[engineer00]

What a mess, what a government.I can't believe the people running this country make the same mistakes over and over again.. .When will they listen to the people that actually vote them in power. I hope they are proud.. . <img src="mad.gif" border="0">

[2 six 4]

The story seems to have come from this article

Air traffic system faces bankruptcy. .Four banks will threaten to force the newly-privatised air traffic control system into administration today,

[URL <a href="http://news.independent.co.uk/uk/transport/story.jsp?story=134189][/URL]" target="_blank">http://news.independent.co.uk/uk/transport/story.jsp?story=134189][/URL]</a>

[ 19 February 2002: Message edited by: 2 six 4 ]</p>

[411A]

Wonder when governments will WAKE UP, air traffic control is a GOVERNMENT responsibility. Wonder if NavCanada is in the same boat?. .Stupid is as stupid does....