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.
Horizon Air has reported its traffic figures for December 2009 and the full calendar year.
Revenue passenger miles (RPMs) for the month totalled 211 million, a 15.1% increase on December 2008’s 183 million. Available seat miles (ASMs) increased by 10.5% to 278 million from 251 million. These figures produced a 3.1 percentage point increase in the load factor, which went up to 75.9% from 72.8 percent for the respective months. Revenue passengers carried in December numbered 594,000, compared with 532,000 in December 2008, an 11.6% increase.
For the 2009 calendar year, RPMs totalled 2,408 million, a drop of 8.6% on 2008’s figure of 2,635 million. ASMs also fell, by 9.0%, to 3,292 million from 3,617 million. The resultant annual load factor was 73.1%, a slight rise (0.2 pp) on 2008’s load factor of 72.9%.
Revenue passengers for the year fell by 8.5% to 6,759,000 from 7,390,000 in 2008.
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.