In November 2008 there were 7% fewer flights in Europe than during the same month last year, according to Eurocontrol. A fall of this magnitude has not been seen since the months immediately following 9/11.
The organisation points out that even the low-fare airlines had fewer flights in November than in November 2007, the first such decline for the LFAs in 15 years. Also, November was the first full month of operation of the airlines' winter schedules, for which many airlines had announced cut-backs.
"In the current economic circumstances, there remains a strong possibility that the traffic situation could weaken further and it could be 2010 before we see much growth again. However, demand in the longer term is still set to rise substantially and traffic in Europe will rise from 10 million flights today to 18 million in 2030; so the long-term problem of congestion remains," says David Marsh, manager of forecasting and statistics at Eurocontrol.
The DoD has changed its structures and is been increasing efforts to facilitate access to loans by companies interested in working with artificial intelligence, advanced materials and semiconductors, biotechnology and quantum science.
India has approved millions of dollars in new military purchases, most of which will go to public sector companies.
The main obstacles to overcoming risks in the region are a lack of a strong cybersecurity culture and inadequate funds to invest in this domain given a widespread Chinese presence in the region.
MBDA is adapting to supply chain pressures as the Russian invasion of Ukraine leads to increased demand for armaments.
Despite the additional funding promised this week, the UK armed forces still look set to face cutbacks, and maintaining international commitments to AUKUS and GCAP may limit the options for other programmes.
This week on the Shephard Defence Podcast, senior naval reporter Harry Lye and military training & simulation reporter Norbert Neumann chat with Professor John Louth.
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