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NATS takes equity stake in Aireon.

AIRLINE INDUSTRY INFORMATION-(C)1997-2018 M2 COMMUNICATIONS

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The UK air traffic management service provider, NATS, has announced it has invested in Aireon, the company pioneering a space-based air traffic surveillance service set to revolutionise the aviation industry, the company said.

Through a network of 66 low earth orbiting Iridium[R] NEXT satellites, AireonSM will monitor the location of Automatic Dependent Surveillance-Broadcast (ADS-B) equipped aircraft flying anywhere in the world, transforming the way air traffic control services are provided.

The service will offer global air traffic surveillance of aircraft. This means that oceans and remote regions like the poles, deserts and mountainous areas will have real-time aircraft surveillance for the first time.

The forecasted safety and airspace capacity benefits, together with the savings in fuel and carbon emissions, are being hailed as the greatest revolution in air traffic management since the introduction of radar 70 years ago.

News of the USD 69 million USD investment, worth around 10% equity, was announced at a press conference in Washington DC, near Aireon's headquarters, at which NATS also confirmed it is currently consulting with its customers about introducing the satellite technology for use over the North Atlantic starting with operational trials from 2019 to deliver the capacity and safety benefits that the airspace requires to keep pace with demand.

NATS is a 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 2017, 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.

Aireon is deploying a space-based air traffic surveillance system for Automatic Dependent Surveillance-Broadcast (ADS-B) equipped aircraft throughout the globe. Aireon will harness next-generation aviation surveillance technologies that are currently ground-based and, for the first time ever, extend their reach globally to significantly improve efficiency, enhance safety, reduce emissions and provide cost savings benefits to all stakeholders. For more information, visit www.aireon.com

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Publication:Airline Industry Information
Geographic Code:4EUUK
Date:May 24, 2018
Words:365
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