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 December 2009 and for the complete calendar year.
Revenue passenger miles (RPMs) for December totalled 53,164,000, 1.9% up on the 52,175,000 reported for December 2008. Meanwhile capacity, in available seat miles (ASMs) was cut by 1.8% to 89,174,000 from 90,825,000, leading to a load factor increase of 2.2 percentage points (pp) to 59.6% from 57.4%.
Passengers carried by Colgan decreased by 1.5% to 211,636 from 214,816. The carrier flew 11,305 block hours during the month compared with 11,790 in December 2008, a drop of 4.1%.
RPMs for the whole of 2009 reached 641,069,000, an 11.3% increase on 2008’s figure of 576,147,000. ASMs were up by 3.3% to 1,095,485,000 from 1,060,221,000.
The annual load factor thus rose by 4.2 pp to 58.5% from 54.3%, with 2,701,971 passengers being carried during the year, a 6.7% increase from the 2,532,578 carried in 2008. Block hours flown totalled 138,166, compared with 152,890 in 2008, a 9.6% decrease.
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.