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.
GOL Linhas Aéreas Inteligentes has announced its preliminary traffic figures for February 2010.
Revenue passenger kilometres (RPKs) generated across the whole of Gol’s system totalled 2,523,100,000, a 46.9% increase over February 2009’s figure of 1,718,000,000. Available seat kilometres (ASKs) went up by 18.2% to 3,467,600,000 from 2,932,800,000 in the same period last year.
This resulted in a load factor of 72.8%, a considerable 14.2 percentage points up on the 58.6% achieved last February.
GOL noted that because of its fleet renewal allied to strong demand, aircraft utilisation exceeded 12.5 block hours/day, above the 11 block hours/day recorded in February 2009. These two factors thus helped increase GOL’s cost advantages in its operational markets.
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.