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Report on Operations                                                            15

l	 IT03, which includes all 43 remaining airports, with a charge of
    ¤246.05.

Considering that a large part of the airports in the third band have low
service unit volumes, and in order to limit the charge increase for such
band, the Company took a number of steps in cooperation with reference
institutions, such as use of the charge stabilization provision for over ¤24
million and postponement of under/over charge recoveries (balance) to
subsequent years.

Market and air traffic trends

In 2014, the trend for air traffic control activities in Eurocontrol countries
was marked by increased volumes compared to 2013. The positive result
is attributable to renewed demand beginning in the second half of 2013.
En-route service units (*) generated in 2014 recorded a 6.0% increase in
traffic volumes compared to the previous year.

With regard to en-route service units of the largest European providers,
results were positive for France (+3.3%), Great Britain (+2.3%), Germany
(+2.5%), and Spain (+3.8%). Again this year, the best result among major
European providers was achieved by Turkey (+20.4%).
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