Member Article

Travel operators sell air traffic controller stakes

Travel firms Thomas Cook and TUI have started the process of selling their 12% stake in air traffic controller NATS.

Reports suggest the two firms could raise £120m from the sale of the shares, if a deal went ahead.

The tour operators belong to a larger consortium of airlines including British Airways and Virgin Atlantic who have part ownership of NATS, while the Government has the majority stake.

The Sunday Times reports that NATS is worth £1bn, and insiders have told that pension funds, infrastructure investors and foreign air traffic controllers have exhibited interest.

This was posted in Bdaily's Members' News section by Tom Keighley .