Daily Politics News Magazine
Covering Politics, Candidates & Issues from City Hall to Capitol Hill

Covid threat to air traffic control


Under “additional equity support”, the CAA said: “Given the present crisis facing the aviation sector… we cannot at this stage rule out [Nats subsidiary] Nerl requiring further support from the providers of equity finance.

“This could either be in the form of foregone dividends, new equity injections, shareholder loans or guarantees.”

Graham Lake, former head of the global air traffic controller trade body Canso, said: “For the world’s airspace managers the revenue shortfall is already in excess of $11bn [£8bn]. The owners of air navigation service providers face the inevitable prospect of either ensuring that funds are available, or making deep cost cuts.”



Read More: Covid threat to air traffic control

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Get more stuff like this
in your inbox

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

Thank you for subscribing.

Something went wrong.