Loading...
See More

A 'good' year for SA air traffic firm

Sep 11 2012 18:55 Sapa

Related Articles

BAA agrees to sell Stansted airport

Airport can help island to independence

Strike delays Durban flights

Court questions SAA ex-CEO's appeal

SAA finances 'returning to normality'

Low-cost aviation may be jobs driver

 
Johannesburg - The Air Traffic and Navigation Services (ATNS) company of SA had a good year financially, it said on Tuesday.

"The past year continued to be a good one for the company, in financial terms," the office of acting chief executive Thabani Mthiyane said in a statement.

"ATNS budgeted R82m and achieved R209m net profit after tax."

The company spent less than expected because it re-prioritised a number of projects.

There was a 10% increase in turnover, from R1.05bn to R1.16bn, and a saving of 6% on operating costs.

The stronger rand helped financially because of commodities bought in US dollars. The company reduced the number of consultants.

In the next two years, ATNS planned a major systems upgrade for its South African air traffic system, to the tune of R500m. The system now in use was installed in 2002.

In October last year, the company began using a 3D simulator for training.

"With this new device ATNS is able to recreate any airport terrain in the world and simulate virtually any flight conditions or operational difficulties, to prepare candidates for the real thing."

ATNS provides all of South Africa's air traffic, navigation, training and associated needs. It controls 10% of the world's airspace.

*Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.
 
travel  |  air
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
1 comment
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

Retailers of any shape and size can now unlock the power of mobile transacting.
 
 

BMW drift battle: M235i vs. speedway bike

Watch this insane drift contest with four-times dirt-track World champion Karl Maier riding a speedway bike against a BMW M235i.

 
 

Men24.com

Want to start talking dirty?
Everyday struggles of naturally skinny guys
And this year's Miss Bumbum title goes to...
How to maintain your mo, bro

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...