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.
Southwest Airlines has announced its traffic figures for January 2010 featuring a load factor increase of 9.3 pp.
The airline flew 5,499,087,000 revenue passenger miles (RPMs) in January 2010, a 7.1% increase from the 5,135,380,000 RPMs flown in January 2009. Available seat miles (ASMs) decreased by 6.7% to 7,622,575,000 from the January 2009 level of 8,172,539,000.
The load factor for the month was 72.1%, compared with 62.8% for the same period last year. For January 2010, passenger revenue per ASM is estimated to have increased in the 14%-15% range compared to January 2009.
Revenue passengers carried numbered 6,500,716, an 8,6% increase on January1009’s figure of 5,988,116.
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.