The UK's civil aviation authority (CAA) has given the go-ahead for air traffic control provider NATS to raise its charges by 8% more than planned. A CAA director resigned over the decision, arguing that NATs should accept the commercial risks of being a monopoly provider. The CAA says the deal is a price cut "in real terms". Airport operator BAA, which had wanted a 25% increase, will go ahead with its planned £65 million ($99 million) investment in NATS, to be matched by the UK government, which retains a 49% stake.

Source: Airline Business