OTTAWA, April 21 /CNW Telbec/ - NAV CANADA today announced the resumption of normal North Atlantic air traffic volumes as various European airports began accepting air traffic again.
John Crichton, NAV CANADA President and CEO, estimated the loss of revenue at approximately $5 million. "Provided the volcanic eruption does not strengthen in a way that makes wide-scale European airspace closures again necessary, this amount is not material to our overall annual revenues," he said.
NAV CANADA provides air traffic control services in the Gander Oceanic Control Area, the busiest oceanic airspace in the world. Canada's location on the great circle routes between Europe and North America means that a large percentage of oceanic traffic also utilizes Canadian domestic airspace.
NAV CANADA, the country's civil air navigation services provider, is a private sector, non-share capital corporation financed through publicly-traded debt. With operations from coast to coast to coast, NAV CANADA provides air traffic control, flight information, weather briefings, aeronautical information services, airport advisory services and electronic aids to navigation.
SOURCE NAV CANADA
For further information: For further information: John Morris, Director, Communications, (613) 563-7032; Ron Singer, Manager, Media Relations, (613) 563-7303; Media Information Line: 1-888-562-8226; www.navcanada.ca