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, parent company of SkyWest Airlines and Atlantic Southeast Airlines (ASA), has reported combined traffic figures for the two carriers.
For the pair, the company reported an 11.6% increase in revenue passenger miles (RPMs) to 1,343,832,537 from 1,203,983,370 for February, while available seat miles (ASMs) increased 9.1% to 1,754,392,966 compared with 1,607,994,036 in the same period last year.
The load factor was up 1.7 percentage points to 76.6% compared with 74.9% last February. Passengers carried in February totalled 2,687,224, a 12.3% increase over February 2009’s figure of 2,392,329.
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.