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.
Porter Airlines is expanding its schedule to offer five daily roundtrip flights between Boston Logan and Billy Bishop Toronto City airports, from 31 March, adding one roundtrip each weekday in the afternoon, as well as a further roundtrip on Sunday.
“Boston continues to exceed our expectations,” reported Robert Deluce, president and CEO of Porter Airlines. “This expansion gives business travellers a more flexible schedule, which builds on the convenience of Toronto City Airport’s downtown location and Porter’s premium service model.”
Since Porter began flying to Boston on 14 September 2009, the service grown rapidly. The schedule started with three daily roundtrip flights, increased to four after two weeks and is now expanding to five. The complete Boston schedule now includes five daily roundtrip flights during the week, two roundtrip flights on Saturday and four roundtrip flights on Sunday.
Increased frequency also improves the number of available connecting flights to destinations such as Quebec City, Montreal, Ottawa, Thunder Bay and Sudbury.
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.