1.19 With the refinancing, NATS' Management have more control over their business. This is in part because bank restrictions are reduced. For example banks' approval of the Company's business plan is no longer required and the requirement for bank approval of major expenditure or disposals has been relaxed. But also, with the completion of negotiations, senior officers such as the Chief Executive and Finance Director have been able to turn their undivided attention to the running and development of the business, as opposed to dealing with banks, the regulator, shareholders and advisers over the refinancing terms.