Annual report: LFV managed a record number of aircraft movements in 2016
The air traffic year 2016 held records for flights in Sweden. LFV air traffic controllers handled 726,000 aircraft movements in Swedish airspace. This was an increase of 2% in comparison with 2015. At the same time, LFV reduced their costs and thus charges to airline companies for the third year in a row.
"Recent years' efficiency improvements at LFV have significantly contributed to reductions in charges. LFV will continue to be among the leading players in the industry through continuing to develop efficient working procedures and innovative solutions," says Director General Olle Sundin.
LFV's turnover amounted to SEK 3.1 billion (3.4), and earnings after financial items were SEK 14 million (39). Operating revenues amounted to SEK 3,149 million (3,364), a decrease of SEK 215 million. The aviation revenues related to air traffic decreased by SEK 263 million to SEK 2,202 million (2,465).
"LFV revenues for en route air traffic services are based on the number of service units, which have increased by 1.1% compared to 2015, having a positive impact on LFV revenues. Swedish en route charges were reduced by 4.9% on 1 January 2016 as a result of ongoing efficiency improvements required by the EU for all providers of air traffic services. Low inflation has also negatively influenced indexation of en route charges," says Olle Sundin.
LFV formed Saab Digital Air Traffic Solutions AB during the year, together with Saab. The company will market, sell, develop and operate digital remote air traffic management, both nationally and internationally.
"Our joint experience and strengths will be gathered in one company, so that Saab Digital Air Traffic Solutions will become a strong player in the market," says Olle Sundin.
LFV and Swedavia have signed a Letter of Intent to explore opportunities for remote air traffic management at five of Swedavia's airports.
For more information please contact the LVF press service on +46 11 19 20 50.
LFV operates air traffic management and associated services for civil and military aviation and is Sweden's leading player in this area. Through various forms of collaboration, LFV also participates in the development of European airspace. LFV has long experience in providing air transport consultancy services in the international market. Research and development is one of its focus areas and LFV offers smart solutions for future aviation. Remote controlled air traffic management is a completely new method of controlling aircraft, first developed by LFV and currently attracting global attention. LFV has 1,100 employees and a turnover of SEK 3.1 billion.
Facts about LFV
- LFV controls air traffic at 20 airports and from three control centres in Sweden.
- LFV works as a partner with GAL, Global Aerospace Logistics, a supplier of air navigation services in the United Arab Emirates.
- LFV was first in the world to use remote air traffic control and has already accumulated two years of operational experience.
- LFV has over 70 years of experience and knowledge of air traffic services and aviation safety. 30 years of commercial experience in over 50 countries.
- LFV is a state-owned enterprise.
- 726,000 aircraft movements in Swedish airspace in 2016.
- 99.9% punctuality.
- 100% air safety goals achieved.