Pentagon’s FY26 defence budget proposal is $130 billion more than US Congress plans to provide
The House Committee on Appropriations approved a FY2026 bill reducing investments in main defence programmes.
Latvian government approves new airBaltic terminal
The Latvian government has approved the construction of a new terminal by airBaltic at Riga International Airport.
airBaltic president and CEO Bertolt Flick commented, “The infrastructure of the Riga International Airport has already reached its design capacity limits, and so a new terminal is needed to accommodate the growing passenger numbers.”
airBaltic plans to build a terminal with a floor space of 58,000 sq m and which will be able to handle up to 15 million passengers a year. Total investments are expected to amount to more than €92 million. Investments will come from the private sector, and, according to the airline, the project will require no funding or guarantees from the state.
airBaltic will negotiate with the TAV company on the construction and operation of the terminal. The airline is also negotiating with several banks on project financing. Bids for tender on construction and architectural design will be launched in the near term.
Riga International Airport saw a passenger increase of 10.2% last year and expects a 15% increase this year. airBaltic achieved an increase in passenger numbers of more than 30% at Riga, its home base, last year, and earned record profits of €20 million.
You may also like
More from Defence Notes
-
![Pentagon’s FY26 defence budget proposal is $130 billion more than US Congress plans to provide]()
-
![What role could holographic and 3D capabilities play in the warfare of tomorrow]()
What role could holographic and 3D capabilities play in the warfare of tomorrow
Holographic and 3D technologies have been lauded by some for their ability to provide technical and operational advantages for military training and planning. But is the hype truly justified?
-
![Unfolding the Golden Dome for America: Seven things you should know about the programme]()
Unfolding the Golden Dome for America: Seven things you should know about the programme
Shephard talked to multiple experts about the most pressing concerns and considerations regarding the air defence system advocated by President Trump.
-
![Industry welcomes UK Strategic Defence Review, but pressure remains on future defence investment plans]()
Industry welcomes UK Strategic Defence Review, but pressure remains on future defence investment plans
While industry reception to the SDR has been positive, questions still remain from analyst and trade associations about what this could mean for future investment and the future UK Defence Industrial Strategy.
-
![UK Strategic Defence Review puts emphasis on autonomy, airpower and munitions]()
UK Strategic Defence Review puts emphasis on autonomy, airpower and munitions
The UK’s Strategic Defence Review (SDR) was launched as one of the first acts of the UK’s new Labour Government in June last year. The review has recommended a major big-picture reform of the country’s forces.
-
![Foreshadowing of UK defence review suggests it is light on programme details]()
Foreshadowing of UK defence review suggests it is light on programme details
The UK’s Strategic Defence Review (SDR) was designed to answer two questions: What is needed to fix UK defence and make it fit for the 2040s, and what do you get for a fixed financial profile? The SDR outlines that work still needs to be done on specifics.
