HAL is major beneficiary of latest Indian procurement approvals
India has approved millions of dollars in new military purchases, most of which will go to public sector companies.
A total of 648,302 passengers travelled with Norwegian in January, which is an increase of 5 percent compared to the equivalent period last year. The passenger traffic (RPK) for Norwegian.no increased by 20% and for Norwegian.se by 61%.
"We are very satisfied with the traffic growth entering the New Year as we carried close to 650,000 passengers through our network in January. During 2008 we made significant changes within Norwegian and to the route portfolio in order to adjust to the market situation. These changes have so far had positive effects, and we are happy to offer low fares to so many passengers during these challenging times," says CEO Bjorn Kjos.
During the winter season Norwegian has started to operate several new domestic routes out of Rygge airport. As expected the start-up routes have affected the load factor. So far the domestic traffic has remained strong, and better than what could be expected taking into consideration the turbulent times, says the airline.
Norwegian.no (Norwegian, Danish and Polish network) produced a total capacity of 734 million ASK (+26%), passenger traffic was 520 million RPK (+20%). The domestic increase in passenger traffic was 30% while international passenger traffic was up 16%.
The load factor for Norwegian.no was 71% in January which is a decrease of 3 percentage points. The 16% increase in yield more than offset the decrease in load factor. The net effect is positive as the unit revenue (RASK) is up.
Norwegian.se (Swedish network) produced a total capacity of 147 million ASK (+44%), passenger traffic was 111 million RPK (+61%)
The load factor for Norwegian.se was 75% in January which is an increase of 8 percentage points. The yield is estimated at NOK 0.48 for the period (-37%). The development in yield and load factor is to a large extent due to changes in the route portfolio, with new routes and 55% longer average flying distance.
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.
Although the Pentagon claims that current systems can detect this type of threat, it has confirmed that measures will be taken in order to maintain the US's edge over its adversaries.