NAV CANADA: Traffic falls 6% in 2009
The struggling North American aviation market has seen Canadian Air Navigation Services Provider, NAV CANADA, revenues cut by 5.3% over FY2008/2009. Despite the downturn in traffic and the effect on revenue NAV CANADA has maintained its rates and charges over the year, dipping into its 'Rate Stabilisation Account' to avoid adding more burdens to airlines already struggling with falling passenger traffic and yields.
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