The CAA have today stated that they will be recommending that the revised ATC charges put forward by NATS be rejected.
NATS had been asking for the current 2003 formula of RPI-4% to be changed to RPI+4%. This 8% increase has been rejected by the CAA who do not appear to believe that the lack of revenue at present justifies changing the charging formula.
NATS appear to have been taken somewhat by surprise by this recommendation from the CAA. Not sure where NATS will now be getting their cash flow from in order to meet the objectives of the already revised Business Plan??
It would appear that NATS will have to seek investment from elsewhere......time for extending the loans from HMG and the banks perhaps? By what collateral can NATS offer?
Never mind future expansion and new technology, NATS will be struggling to sustain the existing infrastructure.
