servisair
Posts: 157
Joined: Sat Jul 29, 2006 7:44 am

Virgin/BA Group Win Nats Bid

Tue Mar 27, 2001 10:30 pm

It has just been anounced on the BBC 1o'clock news that the group of Airlines led by British Airways and Virgin Atlantic have won the bid for a controlling stake in the UK's National Air Traffic Services.
30 Yeras in the Biz...
 
Ikarus
Posts: 3391
Joined: Mon Jan 08, 2001 10:18 pm

RE: Virgin/BA Group Win Nats Bid

Wed Mar 28, 2001 12:08 am

Could you supply some more infos? I am rather interested in this, but have no infos at all about the bidders and the nature of the privatisation. (I was too big a cheapskate to subscribe to any monthly magazines...)

Thanks a lot in advance

Regards

Ikarus
 
servisair
Posts: 157
Joined: Sat Jul 29, 2006 7:44 am

RE: Virgin/BA Group Win Nats Bid

Wed Mar 28, 2001 3:09 am

The Group is made up of 7 British airlines,

British Airways
Virgin Atlantic
Easyjet
Airtours International
Britannia
bmi
Monarch

They will buy a 49% stake in NATS and are promising £1 Billion of new investment. They are paying about £ 800million for the share.

5% has been sold to NATS employees and the rest will remain under the control of the Government.

They beat another bid by SERCO.
30 Yeras in the Biz...
 
SInGAPORE_AIR
Posts: 11619
Joined: Mon Nov 13, 2000 4:06 am

RE: Virgin/BA Group Win Nats Bid

Wed Mar 28, 2001 3:21 am

Great. Is my safety compromised????? Hope not

Hmmm.

Ambivalence I'd say
Anyone can fly, only the best Soar.

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