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.
AirTran Airways has reported traffic figures for December 2009 and the whole of last year including new December records for traffic, capacity and passengers carried.
For December, 2009, AirTran Airways revenue passenger miles (RPMs) increased by 5.3% to 1,534,077,000 from 1,456,396,000 on an 8.2% rise in capacity, 1,975,465,000 in December 2009 compared with 1,825,229,000 in December 2008.
This resulted in a 2.1 percentage point (pp) decrease in the month’s load factor to 77.7% from 79.8%. The number of embarked passengers, however, jumped 1.7% to 1,978,508 from December 2008’s 1,945,868.
For the full 2009 figures, RPMs fell by 1.9% to 18,588,036,000 from 18,955,843,000, while ASMs dropped to 23,294,117,000 from 23,809,190,000, a 2.2% decrease. These figures mean that the annual load factor was 79.8%, a 0.2 pp increase over 2008’s figure of 79.6%. The total passengers carried in 2009 fell by 2.5% to 23,997,810 from 24,619,120.
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.