May 16, 2018

Nats takes Aireon equity stake

UK air traffic management service provider Nats has invested in Aireon, the company pioneering a space-based air traffic surveillance service.

Using 66 low earth-orbiting Iridium NEXT satellites, Aireon will monitor the location of automatic dependent surveillance-broadcast (ADS-B) equipped aircraft flying anywhere in the world.

The service will offer global air traffic surveillance of aircraft, meaning that oceans and remote regions like the poles, deserts and mountainous areas will have real-time aircraft surveillance for the first time.

Nats has invested $69 million for about a 10% stake.