§ Mr. PoundTo ask the Secretary of State for Transport, Local Government and the Regions, pursuant to the answer of 25 February 2002,Official Report. column 807W, if he will make a statement on financial support to National Air Traffic Services. [45557]
§ Mr. ByersA short-term loan facility for National Air Traffic Services has now been agreed. It is for a maximum of £60 million over the period to 30 September 2002, £30 million of which is to be provided by the Government and the other £30 million by a group of four lending banks. Each party will lend on the same commercial terms. Its purpose is to relieve NATS" cash-flow position until arrangements are put in place to secure the long-term financial stability of the company following the unprecedented events of 11 September 2001.