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.
American Eagle Airlines has reported December 2009 and full calendar year traffic figures for itself and its wholly-owned subsidiary, Executive Airlines.
In December, American Eagle itself generated 581,732,000 revenue passenger miles (RPMs), a 7.2% increase on December 2008’s 542,624,000. Available seat miles recorded went up by 6.2% to 802,558,000 from 755,989,000 for the respective periods.
This resulted in a slight rise of 0.7 percentage points (pp) in Eagle’s load factor, up to 72.5% from 71.8%. The number of passengers boarded in December was 1,296,631, a 7.8% increase on the 1,203,115 carried in 2008.
Executive Airlines recorded 45,300,000 RPMs in December compared with 45,587,000 in December 2008, a 0.6% decrease. ASMs dropped by 1.0% to 80,529,000 from 81,320,000.
The load factor rose by 0.2 pp to 56.3% from 56.1% in December 2008, while passengers boarded numbered 230,713, up 5.7% from 218,211.
For the whole of 2009, American Eagle generated 7,145,639,000 RPMs, 3.2% down on 2008’s 7,382,935,000, while ASMs fell 5.4% to 9,809,580,000 from 10,369,728,000.
The full year load factor for Eagle was 72.8%, up 1.6 pp from 2008’s figure of 71.2%, with the airline carrying 16,012,967 passengers compared with 16,558,248 in 2008, a 3.3% decrease.
In 2009, Executive Airlines recorded 544,747,000 RPMs, slightly down – by 0.4% – from 2008’s 542,444,000. ASMs were up by 2.8% at 947,616,000 from 922,117,000.
These figures resulted in an annual load factor of 57.5%, down 1.3 pp from the 58.8% recorded for 2008. Passengers carried in 2009 totalled 2,735,866, an increase of 7.5% year-on-year over 2008’s figure of 2,544,835.
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.