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.
airBaltic has begun its new service between Vilnius and Gatwick Airport in London.
“We see that Vilnius airport is the first in the Baltics to demonstrante recovery of local passenger traffic after 18 months of crisis,” remarked airBaltic chief commercial officer Tero Taskila. “airBaltic is delighted to offer [this] service and will evaluate opening more direct routes from Vilnius in the future.”
Passengers on the Vilnius–London flight will board Boeing 737 aircraft for a flight that lasts two hours and 55 minutes. airBaltic currently offers nonstop flights from Vilnius to Amsterdam, Berlin, Copenhagen, London, Munich, Paris, Riga and Rome. From this summer, there will also be nonstop flights from Vilnius to Dublin, Hamburg and Oslo.
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.