A NEW member has joined the board of the National Air Traffic Service, based in Whiteley and Swanwick.
The Universities Superannuation Scheme Limited (USS), the UK’s largest pension fund, has acquired a 49.9 per cent non-controlling stake in The Airline Group, which is in turn a 41.9 per cent shareholder in NATS.
NATS, which is responsible for keeping aircraft flying safely over Britain, says the move represents ‘the most significant change in ownership since the company became a Public-Private Partnership in 2001’.
A spokesman for NATS said: ‘Since then, our delay and safety performance has improved significantly and we have introduced innovative measures to help generate significant fuel savings for our customers, all while reducing the underlying controllable operating costs by around a third in real terms in our regulated business.
‘Our strategy has delivered service innovation to existing customers and attracted a range of new contracts, allowing NATS to strengthen its core UK business whilst expanding to operate internationally in more than 30 countries.’