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.
airBaltic reports that it carried 186,512 passengers in February 2010, an increase of 27% compared with the same month in 2009, when it transported 147,425 passengers.
At its home base in Riga, airBaltics’s passenger numbers increased by 33% in February compared to the same period last year.
During the first two months of 2010, a total of 385,597 passengers were carried by the airline, up 29% on the first two months of 2009, when the total number of passengers was 324,622.
The airline’s load factor in February 2010 was 61%, down 1 percentage point from February 2009.
Despite bad weather conditions and transport-related strikes across Europe in February, airBaltic‘s 15-minute flight punctuality level was 86.6%.
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.