{"content":[{"text":"- 2/22 -","bbox":{"left":0.439412,"top":0.045072,"width":0.06242000000000003,"height":0.016926999999999998}},{"text":"1.","bbox":{"left":0.117647,"top":0.097799,"width":0.016423999999999994,"height":0.016926999999999998}},{"text":"NAV CANADA AND THE COMMERCIALIZATION OF THE CIVIL AIR \n NAVIGATION SYSTEM","bbox":{"left":0.176471,"top":0.097799,"width":0.6106210000000001,"height":0.034806000000000004}},{"text":"NAV CANADA is a non-share capital, private corporation which acquired the civil air \n navigation system for a purchase price of $1.5 billion from the Government of Canada \n on November 1, 1996.","bbox":{"left":0.117647,"top":0.150981,"width":0.746874,"height":0.05177499999999999}},{"text":"NAV CANADA is responsible for the provision of civil air navigation facilities and \n services for aircraft in Canadian airspace or any other airspace for which Canada is \n responsible for providing air navigation services. Before November 1, 1996, air \n navigation services were provided by the Canadian government and funded mainly \n through the Air Transportation Tax (ATT), charged to airline passengers, which was \n rescinded on November 1, 1998. NAV CANADA now provides these services which \n are paid for solely by air navigation charges levied on aircraft operators.","bbox":{"left":0.117647,"top":0.220829,"width":0.731541,"height":0.12147300000000005}},{"text":"The system of governance at NAV CANADA is the result of a unique corporate \n structure intended to make the company a self-sustaining commercial enterprise that is \n accountable to its stakeholders. The Corporation is governed by a 15-member Board of \n Directors consisting of 10 directors nominated by stakeholders representing aviation \n users, bargaining agents, the federal government, 4 independent directors and the \n President & CEO. NAV CANADA also has an Advisory Committee elected by \n associate members, empowered to analyze and make reports and recommendations to \n the Board of Directors on any matter affecting the air navigation system.","bbox":{"left":0.117647,"top":0.360223,"width":0.760459,"height":0.138897}},{"text":"The fundamental elements governing the mandate conferred on NAV CANADA by the \n ANS Act include the exclusive right to provide certain air navigation services, the ability \n to set and collect charges for air navigation services provided or made available by \n NAV CANADA or a person acting under the authority of the Minister of National \n Defence, and the obligation of NAV CANADA to provide these services. NAV CANADA \n sets rates of charges at levels sufficient to recover all costs (including debt servicing \n requirements and the repayment of principal), as determined in accordance with \n generally accepted accounting principles, to develop a contingency reserve for \n unforeseen events, and to maintain appropriate credit ratings. To this end, \n NAV CANADA has the ability to set and collect charges for air navigation services in \n accordance with the charging principles set out in the ANS Act.","bbox":{"left":0.117647,"top":0.517041,"width":0.7565570000000001,"height":0.19132100000000007}}],"images_bbox":[],"images_bbox_not_text_overlap":[]}