NAV Canada acquires control of Searidge

With air travel levels still suffering due to the lingering effects of the global financial crisis, air navigation service providers are increasingly looking at new avenues to generate revenues. NAV Canada announced at the beginning of Jul-2010 that it has acquired a majority interest in Searidge Technologies Inc, a leading provider of intelligent video solutions to air traffic control and airport markets. [617 words]

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This report contains the following subheadings:

• Searidge to maintain independence
• New contract with Allstream

This report contains the following charts and tables:

• NAV Canada rate charges: 1999 to 2010
• NAV Canada service charge revenue & % ‘other’ revenue
• NAV Canada weighted charging units (% change)