Global Traffic Network retreats from UK with $40m loss and choppers for sale
GTN is selling off its Australian fleet of choppers
Global Traffic Network (GTN) has posted a $40.9m loss for the first half of the financial year, with revenue down by 14.7%.
Traffic reports from helicopters phasing out.
“Early in the company’s evolution, aviation was seen as a barrier to entry and critical to the signing up of affiliates. However, in recent years with the advancement in technology, TV reports from a ground-based studio provide better value to clients.