Virgin Not To Sell Its UK Air Traffic Stake

Richard Branson's Virgin Atlantic Airways said on Sunday it was not about to sell its stake in National Air Traffic Services after a report said seven airlines, including Virgin, had put their stakes up for sale.

NATS was privatized in 2001 with the Airlines Group -- a consortium of seven carriers including Virgin, British Airways, bmi, easyJet, MyTravel Airways, Monarch and Thomsonfly -- owning 46 percent. This was later reduced to 42 percent.

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