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.
Sun Country Airlines has announced a new international seasonal service between Minneapolis/St Paul and London, UK, scheduled to operate weekly from 11 June until 15 August.
Flight will depart the Twin Cities on Fridays with a midday return from London Stansted on Sundays. The service will operate with an intermediate stop and offer both first class and coach seating on one of Sun Country’s Boeing 737-800s.
“London is a great summer destination and we are looking forward to providing customers with a new way across the Atlantic. In addition, London’s Stansted airport is one of the best connection points to the continent with numerous flights on Europe’s leading low-fare airlines Ryanair and easyJet,” observed Stan Gadek, Sun Country president and CEO. “We’re expanding our Hometown Airline this summer to give our customers a familiar, convenient and value-based choice across the Atlantic. We’re excited to operate this new route and we think our passengers will be thrilled as well by the savings and high level of attention and award winning service that Sun Country is known for.”
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.