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 its traffic figures for February.
Revenue passenger miles (RPMs) during the month totalled 1,294,743,000, a 5.4% increase compared with February 2009’s 1,228,788,000. Available seat miles (ASMs) were up by 4.2% at 1,724,510,000 from 1,655,527,000 in the same month last year.
The load factor in February was 75.1%, 0.9 percentage points up on last February’s 74.2%. The airline carried 1,628,794 passengers compared with 1,623,030 in the same period last year, a 0.4% increase.
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.