How UAE defence giant EDGE Group plans to double its exports
The UAE defence conglomerate has put an aggressive strategy in place to increase its share of exports while navigating the growing gap between East and West.
In 2009, Air Berlin transported a total of 27,911,193 passengers (including those travelling on the TUIfly routes acquired on 25 October 2009), a decrease of 3.9% in comparison with the previous year.
One of the reasons for the decline from 2008’s figure of 29,050,967 is that the accumulated capacity was reduced by 2.6%. Fleet capacity utilisation in 2009 reached 77.3%, a decline of only one percentage point. Revenue per available seat kilometre (ASK) increased to 5.75 eurocents, a 7% increase over 2008’s RASK of 5.38 eurocents.
In December 2009, Air Berlin carried 2,050,380 passengers, 0.8% up on the 2,034,809 passengers in December 2008. Fleet capacity utilisation increased by 0.5 percentage points to 73.1%, while capacity remained at the previous year's level. Revenue per available seat kilometre (ASK) for December 2009 amounted to 4.98 eurocents, a 6.5% decrease compared with the previous December’s RASK of 5.33 eurocents.
The UAE defence conglomerate has put an aggressive strategy in place to increase its share of exports while navigating the growing gap between East and West.
The US Congress has raised concerns about how inflation rates and cuts in main acquisition programmes could affect the US military.
Washington’s ageing inventory and the pace Moscow and Beijing have been modernising their capabilities put in check the US Nuclear deterrence.
The Pentagon has been operating under temporary funding since October 2023, which has impacted its main acquisition and development programmes, increasing the capability gap between the US and China.
In 2023, defence spending increased by an unprecedented 11% across European NATO countries and Canada. Since 2014, the group has spent an additional US$600 billion on defence.
The DoD requested nearly US$850 billion to fund operations over the next fiscal year. Despite the amount being 1% higher than the FY2024 budget request, it has not covered the 3% inflation rate, which could impact the DoD’s main programmes in the medium and long term.