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.
CFM International has formally opened its new CFM56 training centre in Hyderabad, the fourth such engine maintenance training centre for CFM56 customers worldwide.
The new facility has the capacity to train 500 engineers annually and mirrors those in China, France, and the United States.
There are currently more than 500 CFM56 engines in service in India and southern Asia, including Bangladesh, Bhutan, and Sri Lanka, powering Airbus A320 and Boeing 737 aircraft. The first students are scheduled to begin training in the week commencing 8 March 2010.
This new training centre, which will be fully certified by the Indian Directorate General of Civil Aviation (DGCA), will represent an investment of approximately $15 million by CFM over the next decade, including initial start-up costs.
“It gives me great pleasure to open this new CFM56 training centre on behalf of CFM,” remarked Eric Bachelet, president and CEO of CFM International. “We felt that Hyderabad in general, and the Rajiv Gandhi Airport in particular, was the logical location for this new facility. The area is rapidly establishing itself as a regional leader for excellence in aviation and we are proud to be part of it. This CFM facility will provide extensive maintenance training that we believe is simply unequalled in the region.”
The newest CFM56 training centre will provide advanced hands-on courses in line maintenance and borescope inspection for CFM56-7B and CFM56-5B engines, which power Boeing 737NGs and the Airbus A320 family, respectively. In addition to Indian operators, the facility will also provide training to students from such nearby regions as the Gulf states, the Middle East, and Far Eastern countries such as Singapore, Malaysia and the Philippines.
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.