1 Apr 2020 15:37
Business impact of coronavirus on NATS - update
We continue to work with customers and authorities to understand the impact of COVID-19 on our business. In the meantime, we have elected to fully draw down on our £400m committed bank facilities, such that this liquidity is now held on our balance sheet.
ENDS
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
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