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OTTAWA, ON, Dec. 18, 2023 /PRNewswire/ — NAV CANADA announced that it will continue its proposal to replace visitor service fees according to the release released on September 21, 2023.
The COVID-19 pandemic has had a significant negative effect on global air traffic and the aviation industry. The particularly low volume of air traffic during the pandemic resulted in the accumulation of a significant deficit in its Fare Stabilization Account (“RSA”). ), and NAV CANADA’s prices exceed its revenues. In recent months, demand for air travel has remained strong and NAV CANADA’s air traffic forecast reflects a supposed return to overall seasonal variation as well as slow growth. The service payment reviews were conducted in a balanced strategy with NAV CANADA rebuilding its financial resilience, investing in security and service delivery while supporting the industry through recovery from the RSA deficit over an extended period.
The revised price lists have two components: (i) an adjustment to the base rate to recover NAV CANADA’s projected FY 2024 costs, through the service; and (ii) an additional adjustment of the transitory rate to recover a portion of the remaining accumulated deficit of the RSA. The overall average net service rate reduction of 5. 57% includes a reduction in the average base rate of 9. 33% and a cumulative average transience rate of 3. 76%. Rate changes vary by service category based on the degree to which each rate deviates from its break-even point and its contribution to the overall ASR deficit, as the effect of the pandemic has done on other service rate categories. been uneven. These revised rates will go into effect on January 1, 2024, unless otherwise specified.
The tariff review proposal published on September 21, 2023 and subject to a mandatory consultation period of at least 60 days.
Details of NAV CANADA’s revised service fees can be found here:
Revised Service Fee Announcement
About NAV CANADA
NAV CANADA is a private, not-for-profit corporation, established in 1996, that provides air traffic facilities, airport advisory services, weather information and aeronautical data facilities in more than 18 million square kilometres of Canadian domestic and foreign airspace. around the world identified by its history of protection and technological innovation.
SOURCE: NAV CANADA
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