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NATS report profits jump
Air traffic control company NATS has announced pre-tax profits of £106.1 million in the year to March 31, up from £78.3 million in 2010. It paid a dividend of £40 million (2010: nil), handled 2.17 million flights, and delays attributable to NATS averaged just 4.3 seconds per flight.
This year marks the 10th year since NATS has operated as a private public partnership, with a consortium of seven airlines, including British Airways, owning 41.9% of the company. The Government has 49.9% and the rest is owned by airport operator BAA and by a NATS employee share trust.
NATS chief executive Richard Deakin said: ‘We are in a strong position for the future. This is a world-class company with a world-class future ahead. We have developed a strategy to grow our business, and to ensure that we have the capabilities and skills to enable that growth. We will focus primarily on growth in the aviation market, an industry where NATS’ reputation and capability set are very strong.’
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Air traffic control company NATS has announced pre-tax profits of £106.1 million in the year to March 31, up from £78.3 million in 2010. It paid a dividend of £40 million (2010: nil), handled 2.17 million flights, and delays attributable to NATS averaged just 4.3 seconds per flight.
This year marks the 10th year since NATS has operated as a private public partnership, with a consortium of seven airlines, including British Airways, owning 41.9% of the company. The Government has 49.9% and the rest is owned by airport operator BAA and by a NATS employee share trust.
NATS chief executive Richard Deakin said: ‘We are in a strong position for the future. This is a world-class company with a world-class future ahead. We have developed a strategy to grow our business, and to ensure that we have the capabilities and skills to enable that growth. We will focus primarily on growth in the aviation market, an industry where NATS’ reputation and capability set are very strong.’
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