Canada seals ATC privatisation agreement

1996-04-17T00:00:00

CANADA'S Government has signed the agreement to transfer the country's air-navigation system to a new corporation, Nav Canada, for a purchase price of C$1.5 billion ($1.1 billion). Transfer of all air-traffic-control (ATC) assets is scheduled for 1 July, subject to the passage of enabling legislation by the Canadian parliament.

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