London City Airport has announced a 12% increase in passenger numbers in 2008 with a record 3.3 million people travelling through the airport. Despite the current economic climate, December 2008 figures still showed a 10% growth in passengers on December 2007.
Four new routes were introduced in 2008 with increased frequency on many other routes. At the end of the year, nine airlines, members of oneworld, Star Alliance and Sky Team, operated services to 33 UK and European destinations.
“Our performance and progress has been good this year," declared Richard Gooding, LCY's chief executive. "With a significant investment in facilities, a core emphasis on passenger experience and high service standards, 2008 has proved to be the most successful ever with another record year in terms of passenger numbers. We remain cautious about 2009’s prospects until stability returns to the financial services industry and the wider economy. Nevertheless the continued commitment of our partner airlines and our many regular users gives us continued confidence in the longer term.”
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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