Eurosatory 2026: Iran’s attacks on UAE have “accelerated” Edge’s plans, says company
The UAE’s Edge has undergone massive changes since it was formed in 2019, from acquisitions to partnerships, and has now set up a European division in Paris.
Pinnacle obtains $10m credit facility
Pinnacle Airlines Corporation has closed on a $10 million credit facility with Independent Bank of Memphis, Tennessee.
“We are delighted to establish this relationship with Independent Bank, one of Memphis’s premier financial institutions. The loan provides a working capital cushion and allows us to focus on our core business,” noted Phil Trenary, the Corporation’s president.
The loan is designed to provide Pinnacle with additional working capital until it receives its 2009 federal income tax refund, estimated to be $38 million.
Separately, Pinnacle also modified its $25 million spare parts loan to reduce certain liquidity requirements.
“These transactions enhance our liquidity and put us in a stronger financial position for 2010,” said Peter Hunt, vice-president and chief financial officer.
You may also like
More from Defence Notes
-
![Eurosatory 2026: Iran’s attacks on UAE have “accelerated” Edge’s plans, says company]()
-
![US, Canada advance with over-the-horizon radar programmes to close NORAD surveillance gaps]()
US, Canada advance with over-the-horizon radar programmes to close NORAD surveillance gaps
Washington and Ottawa’s Arctic and homeland radar initiatives aim to strengthen early warning against cruise missiles, hypersonic weapons and long-range aerospace threats approaching North America.
-
![Eurosatory 2026: Partnership deals surge as industry prepares for defence spending growth]()
Eurosatory 2026: Partnership deals surge as industry prepares for defence spending growth
Dozens of partnership agreements, joint ventures and industrial cooperation arrangements were announced at Eurosatory 2026, highlighting how defence companies are expanding production capacity, localising manufacturing and accelerating capability development in anticipation of rising defence spending.
-
![Eurosatory 2026: New public security needs drive personal protection equipment modernisation]()
Eurosatory 2026: New public security needs drive personal protection equipment modernisation
European law enforcement and public security agencies are entering a new cycle of investment in personal protection equipment (PPE), driven by evolving threat profiles, officer welfare requirements and advances in materials technology.
-
![The speed of relevance: how companies can navigate the new era of European defence procurement]()
The speed of relevance: how companies can navigate the new era of European defence procurement
European militaries face a rapidly evolving security landscape and defence production must accelerate to meet surging demand for platforms and equipment. Industry needs to adapt to ensure it gets its products into the hands of the end user, Evelyn Rafferty, Senior Director Aerospace and Defence - Europe at Plexus told Shephard’s Gerrard Cowan.
-
![Eurosatory 2026: Milrem Robotics puts forward multi-layered defence concept for NATO’s eastern flank]()
Eurosatory 2026: Milrem Robotics puts forward multi-layered defence concept for NATO’s eastern flank
Autonomous systems developer Milrem has evolved a model for an interoperable robotised approach to the Eastern Flank Deterrence Initiative (EFDI), showing how uncrewed systems could provide a multi-layered defence architecture in the air and on land along NATO’s eastern borders.
