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.
Flybe has announced its first ever route from Bournemouth with a service to Manchester which begins on 27 May.
The year-round six times a week service will gives both business and leisure travellers a convenient choice of regional routes from one of the South Coast’s most popular destinations.
Flights on weekdays will depart Manchester at 1040 and arrive in Bournemouth at 1140, with the return leaving Bournemouth at 1205 and arriving in Manchester at 1305. On Sundays the service will leave Manchester at 1015, arriving in Bournemouth at 1115, turning around for departure from Bournemouth at 1140 and getting back into Manchester at 1240. There is no Saturday service.
Mike Rutter, Flybe’s chief commercial officer, commented, “We’re delighted to be adding this new destination to our extensive choice of regional services. It not only reflects our commitment to continued growth at Manchester Airport, where we are the largest scheduled airline, but also our development into new regions. Our new Bournemouth route will be especially convenient to those living and working in the more westerly counties of the South Coast, so extending further our extensive regional presence.”
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.