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Record W583400088

NATS: Financing air traffic control infrastructure

2003· article· en· W583400088 on OpenAlexaboutno aff
C Yates

Bibliographic record

VenuePROCEEDINGS OF THE EUROPEAN TRANSPORT CONFERENCE (ETC) 2003 HELD 8-10 OCTOBER 2003, STRASBOURG, FRANCE · 2003
Typearticle
Languageen
FieldEconomics, Econometrics and Finance
TopicAviation Industry Analysis and Trends
Canadian institutionsnot available
Fundersnot available
KeywordsFinanceRevenueBusinessGovernment (linguistics)Capital expenditurePosition (finance)Economics
DOInot available

Abstract

fetched live from OpenAlex

In July 2001, an innovative Public Private Partnership (PPP) was signed for National Air Traffic Services Ltd (NATS), the monopoly provider of air traffic control for aircraft flying over the UK. The NATS PPP is interesting in policy terms as other national air traffic control organisations are part of government, except NavCan, a Canadian trust with the power to set its own prices, and Airways New Zealand, a state owned company that receives no government support. The UK Government wanted to reform NATS and ensure that it had access to sufficient funds for capital investment. Following the terrorist attacks of 11 September 2001, air traffic volume fell considerably, particularly across the North Atlantic, which reduced NATS' income and increased uncertainty regarding long-term growth in air traffic. It was difficult for NATS to respond quickly to revenue reductions as the bulk of its costs are fixed and its work force highly specialised. The banks providing NATS' acquisition facility were concerned that NATS would not be able to meet its debt service obligations in the period 2005-2010. Hence the banks stopped NATS from borrowing from a #630 million capital facility they also provided. In these circumstances, NATS had little alternative to applying to its regulator, the CAA, in February 2002 for a real price increase (9% over the period 2003-2005). In March 2003, the CAA determined that a 6% real price reduction over the period was most appropriate in the changed circumstances. Following detailed consideration of all options to strengthen NATS' financial position, a 'Composite Solution' was agreed in March 2003 including BAA and Government investment of #130 million, a 12% uplift in NATS' Regulatory Asset Base, a looser price cap, volume risk sharing with NATS and a regulatory policy statement. For the covering abstract see ITRD E126595.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame machine prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. The Gemma side is a direct model label for every work in the frame, read from the title-only record. The Codex side is a classifier learned from the 10,348 direct Codex labels and calibrated to design-weighted sample rates; fields without enough sample support carry no Codex call. Candidate is the union of the two sides; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels.

metaresearch head score (Codex)0.003
metaresearch head score (Gemma)0.007
Version: metacan-v3-hybrid-931329e0061cValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Not applicable · Consensus signal: Not applicable
GenreCandidate signal: Empirical · Consensus signal: none
Teacher disagreement score0.049
Threshold uncertainty score0.104

Distilled classifier scores by category (both heads)

CategoryCodexGemma
Metaresearch0.0030.007
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0000.000
Bibliometrics0.0010.001
Science and technology studies0.0010.001
Scholarly communication0.0030.002
Open science0.0010.003
Research integrity0.0030.002
Insufficient payload (model declined to judge)0.0310.008

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.013
GPT teacher head0.186
Teacher spread0.173 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one source (direct Gemma or distilled Codex), not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designNot applicable
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations0
Published2003
Admission routes1
Has abstractyes

Explore more

Same venuePROCEEDINGS OF THE EUROPEAN TRANSPORT CONFERENCE (ETC) 2003 HELD 8-10 OCTOBER 2003, STRASBOURG, FRANCESame topicAviation Industry Analysis and TrendsFrench-language works237,207