NATS eligible for £92m EUROCONTROL support package


NATS could receive a significant portion of a £1.1billion EUROCONTROL support package designed to keep critical services afloat during the coronavirus pandemic.

It confirmed this week that it is eligible for £92million in support, as the fall in air traffic has dramatically hit its income.

EUROCONTROL is an intergovernmental organisation separate from the EU. Founded in 1963, it has 41 member states and the UK holds a 10% vote share regarding any motions such as the £1.1billion loan fund.

Story continues below

Once the loan is secured by EUROCONTROL, the UK would be able to receive half the revenue expected from route charges for February to May of up to £109 million, of which £92 million would normally be revenue for NATS.

The loan would enable NATS to continue providing services, especially essential cargo flights, and ensure the organisation can return to full operations at the appropriate time to help the recovery of the aviation sector.

Similarly, it was announced recently that airlines would be able to temporarily defer payments for route charges for as much as 14 months, providing relief for all those facing disruption.

UK Transport Secretary Grant Shapps said: “The effect of coronavirus is being felt right across the aviation sector which is why we have announced an unprecedented package of support measures to help firms through this extremely testing period.

“Air navigation service providers rely on airlines operating for their revenue, so this support will enable them to continue providing their safety critical services, as we help stranded Brits get home and transport vital goods and medical supplies.”

Tags : CoronavirusEurocontrolNATS
Sam Lewis

The author Sam Lewis

Leave a Response