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.
Pinnacle Airlines Corporation has released capacity and operational results for its Colgan Air subsidiary for February 2010.
Revenue passenger miles (RPMs) showed a small drop of 1.2% to 38,135,000 from 38,604,000 in February 2009, while capacity, in available seat miles (ASMs) was cut by 12.2% to 69,751,000 from 79,450,000. This led to a 6.1 percentage point increase in load factor, with February 2010’s figure being 54.7% compared with last February’s 48.6%.
Colgan carried a total of 162,058 passengers during the month, a 5.9% decrease from the 172,242 carried in the same period last year.
The fleet of 34 Saab 340s and 14 Bombardier Q400s – the same as in February last year – flew 8,902 block hours, 15.0% down on the 10,479 hours In February 2009.
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.