24 Mar 2020 07:11
CMA publishes initial findings regarding NATS (En Route) Plc price control settlement
The Competition and Markets Authority has this morning published for consultation the provisional findings of its review of CAA's price control settlement that NATS rejected. NATS will review these findings in detail and submit our response to the CMA.
The CMA acknowledges that its investigation was largely complete before the Covid-19 pandemic was established and that its findings reflect operating conditions before this development. It also highlights that the impact of Covid-19 on air traffic volumes will be significant for the year ahead and uncertain in length and duration.
As a result, NATS believes a significant reassessment of its business plan for the next few years will be required and we will be discussing this with the CAA.
ENDS
Note to editors:
About NATS
NATS is a leading air traffic management and solutions company, established in the UK in 1962 and now operating in countries around the world.
NATS handled 2.6 million flights in 2019, covering the UK and eastern North Atlantic from its centres at Swanwick, Hampshire and Prestwick, Ayrshire. NATS also provides air traffic services at 13 UK airports; at Gibraltar Airport and, in a joint venture with Ferrovial, at a number of airport towers in Spain. Building on its reputation for operational excellence and innovation, NATS offers aerodrome, data, engineering, capacity, efficiency and environmental performance solutions to customers worldwide, including airports, airlines air traffic service providers and governments.
For more information visit the NATS website at www.nats.aero