1.23 Many participants in the refinancing expressed their approval to us that BAA plc has become a shareholder in NATS. As the main operator of Airports in the UK, including Heathrow, Gatwick and Stansted, BAA has a major strategic interest in ensuring that NATS prospers and expands its capacity to match growing capacity at airports. BAA should also bring experience in the management of major infrastructure projects that could be of great value to NATS.