German air traffic control company want NATS stake
14.12.11
Germany’s state-owned air traffic service Deutsche Flugsicherung hopes to buy a stake in the UK's National Air Traffic Services (NATS), the Daily Mail reports. Last year Chancellor George Osborne said in his emergency Budget that the Government was ready to sell its 49 percent stake in NATS, which could be worth more than £500million, to raise public funds.
NATS, which made a £106million profit last year, was part-privatised in 2001 by the Labour Government. The Airline Group, which includes British Airways, easyJet, Virgin Atlantic and other airlines, owns 42 percent of NATS, airport owner BAA owns 4 percent and staff hold the remaining 5 percent.
A spokesman for Deutsche Flugsicherung told the newspaper: ‘We can confirm that DFS has expressed an interest in acquiring the 49 percent stake. We believe there could be good cooperation between us and the operational side of the business appears good.’
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