NATIONAL
Air Traffic services has denied reports it is on the verge of being placed in
administration.
A
spokesman for Nats, the part privatised air traffic control system, admitted it
had faced difficulties following the September 11 terrorist attacks but its
financial backers are happy with cost cutting measures put in place. These have
included voluntary redundancies and asking the Civil Aviation Authority to
re-examine the way Nats is financed.
Newspaper
reports had suggested that several banks backing Nats were going to call in its
£1.46 billion debt facility.
“There is
no question of us going into administration,” the spokesman said.