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.
Allegiant Air has announced its preliminary passenger traffic results for December and for the whole of 2009.
Revenue passenger miles (RPMs) for the month numbered 406,238,000, an 18.6% increase on December 2008’s figure of 342,616,000. Capacity, in available seat miles (ASMs) rose to 448,398,000, 16.1% up on the 386,108,000 recorded a year earlier.
This pushed the month’s load factor into the nineties at 90.6%, 1.9 percentage points up on the 88.7% achieved the year before. Total passengers carried during the month increased by 13.2% to 429,993 from 379,907, with departures rising to 3,232 from 2,946, a 9.7% increase.
For the whole of 2009, the airline generated 4,477,119,000 RPMs, a 28.1% increase on the 2008 figure of 3,495,956,000. ASMs reached 4,950,954,000, up 27.4% from the previous year’s 3,886,696,000.
Like the December figure, the load factor thus rose into the nineties at 90.4%, 0.5 pp up on the 89.9% for 2008. Passengers carried though, went up by a hefty 26.3% to 4,919,826,000, compared with 3,894,968,000 in 2008. Departures also rose considerably, by 25.6%, to 37,115 from 29,548.
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.