Partner 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 .
Enjoy the read? Get Bdaily delivered.
Sign up to receive our popular morning National email for free.
Our Partners
It's time to confront the digital poverty crisis
Why a business exit is no longer all or nothing
Culture is the foundation for sustainable growth
Business must help young people take root in work
Purposeful procurement for long-term growth
Time to rethink outdated views on apprenticeships
The scale-ups rocketing through our fast world
Care about the experience, not just the outcome
The rise of an alternative investor model
Bots don't beat personal business coaching
From COVID-19 to the Middle East crisis
How to build credibility in B2B marketing