Air traffic control firm to pay £24m dividend

Air traffic control firm to pay £24m dividend

National Air Traffic Control Services is to pay a £24 million interim dividend to shareholders.

The company said £23 million is coming from Nats (En Route), which provides air traffic services, and £1 million from is airport air traffic services and consultancy business.

The dividend is to be paid on May 31 in respect of the year ending March 31, 2017, the company said today. 

Airlines including British Airways, easyJet, Lufthansa, Monarch, Thomson Airways, Thomas Cook Airlines and Virgin Atlantic represent 42% of shareholders in NATS.

NATS provides air traffic control services at 13 UK airports including Heathrow, Stansted, Manchester, Edinburgh and Glasgow.

Its air navigation services handled 2.4 million flights last year covering the UK and eastern North Atlantic.

NATS provides air traffic control from centres at Swanwick, Hampshire and Prestwick, Ayrshire.


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