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.
Republic Airways has reported preliminary passenger traffic results for February 2010.
The company generated 1,414,204,000 revenue passenger miles (RPMs), a 104% increase from the 693,381,000 in the same month last year, while available seat miles (ASMs) increased 88% to 1,953,427,000 from 1,038,231,000.
Block hours were 72,588 in February 2010, a 31% increase from February 2009’s 55,533. Consolidated load factor was 72% versus 67% in February 2009, with 2,081,842 passengers carried during the month, a 51% increase from the 1,382,226 carried same month last year. The 2009 results do not include operations at Midwest Airlines and Frontier Airlines which were purchased by Republic in July 2009 and October 2009, respectively.
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.