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Air Transportation: March 14, 2002

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Britain sold 46 percent of its government-owned airline security system (the National Air Traffic Services company) to private industry, but the company is deeply in debt and in need of a $43 million government bailout package. The problem is that NATS is prohibited from raising the security fees added to ticket prices, and the virtual collapse of trans-Atlantic passenger service has left NATS without the expected revenue from such sales.--Stephen V Cole

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