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National Air Traffic Services

Volume 504: debated on Thursday 21 January 2010

To ask the Minister of State, Department for Transport whether his Department plans to sell off Government shares in National Air Traffic Services; and if he will make a statement. (312474)

On 8 December the Government published the Operational Efficiency Programme: Asset Portfolio.

The portfolio includes a section on NATS which notes that in light of the impending expiry of the restrictions on the transfer of shares for NATS, it is appropriate for Government to engage with other shareholders who are likely to consider the shareholding options available to them.

No decision has been made by Government with regards to reducing their shareholding. Any options considered would be required to best meet the needs of the Company and its workforce, as well as shareholders.