I was too young to remember the technicalities of who owned what company in the 80s, but to suggest that rampant conservatism wasnt the bane of many industry is shortsighted at best.
Wikipedia seems to have a good account of things, oh look, the tories sold it off!
In accordance with the provisions of the British Aerospace Act 1980 the statutory corporation was changed to a Public limited company (plc), British Aerospace Public Limited Company, on 1 January 1981. On 4 February 1981 the government sold 51.57% of its shares. The British government sold its remaining shares in 1985, maintaining a £1 Golden Share which allows it veto foreign control of the board or company
I remember the closure of British Aerospace well.
I remember that the government did nothing to help the business (which is what Cameron would have us have done in the last year), or the workers of Hatfield, many of whom had been encouraged to buy their own council houses.
Lets hope the new plans for Hatfield town centre are not another of a series of false dawns. Im quite hopeful of the actual design, and will keep a very close eye from within the council to hopefully see them come to fruition.