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.
SkyWest, Inc. has released the combined traffic figures for its two airline subsidiaries, SkyWest Airlines and Atlantic Southeast Airlines (ASA) during December 2009 and the complete calendar year.
The company reported a 5.4% increase in revenue passenger miles (RPMs) for December, while available seat miles (ASMs) increased 6.5% compared to the same period last year. The combined airlines generated 1,420,360,051 RPMs for the month compared with 1,347,791,781 in December 2008, while ASMs increased to 1,835,037,294.
The load factor was down 0.8 percentage points (pp) to 77.4 percent compared to 78.2 percent for the same period last year. Passenger boardings for December totalled 2,815,678, a 6.9% increase over December 2008’s figure of 2,634,566.
RPMs for the whole of 2009 were up 2.0% to 17,448,958,077 from 17,101,909,734 in 2008, with ASMs going up by 0.6% to 22,142,650,268 from 22,020,250,026 year-on-year.
The annual load factor was 78.8%, a 1.1 pp increase over 2008’s 77.7%. The pair carried 34,544,772 passengers last year compared with 33,461,819 carrioed in 2008, a 3.2% 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.