Business Services Industry
OPINION: Arguments Favor Privatising Britain's Air-Traffic Control System.
Knight Ridder/Tribune Business News, November, 1999 by Evening Standard, London
Knight Ridder/Tribune Business News
Nov. 16 -- It is hold-your-breath time in the Kingsway offices of the Civil Aviation Authority as it waits to see whether tomorrow's Queen's Speech will include the selling to the private sector of a major stake in the National Air Traffic Control Service, Nats.
If it does it will be Deputy Prime Minister John Prescott's first privatisation, though it will of course be referred to less emotively as a PPP -- a public private partnership. The net effect will be the same, though. A private sector company will buy a substantial and probably a controlling stake in Nats for upwards of UKpound 500 million and run it going forward.
There is always the risk that Prescott's nerve will fail him and he will cave in to...
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