Rheinmetall reports “boom” as results hit new records with orders for vehicles, ammunition and weapons
Rheinmetall is riding high as Europe scrambles to boost its defence forces and replenish spent stockpiles sent to Ukraine.
AirAsia has celebrated its maiden flight to Kota Kinabalu from Taipei with a celebration at the Kota Kinabalu International Airport, making the airport its second largest hub in Malaysia with a total of seven international and nine domestic destinations.
Chairman of AirAsia, Dato’ Aziz Bakar commented, “We are confident that this new route will stimulate more travel between these two destinations and enhance tourism activities. We are optimistic that our low fares and world class services will continue to induce more travel demand and in turn enrich and galvanise the economies of both nations.
“Nothing speaks better than the current statistics, and the numbers tell me that the response from the public is very encouraging for all three cities from our hubs in Kuala Lumpur, Bangkok and Kota Kinabalu to Taipei, operated by AirAsia and AirAsia X. To date, we have carried 129, 000 guests both inbound and outbound from Taipei since April 2009 and the numbers are still growing. I believe we have successfully established an important ‘bridge’ between Kota Kinabalu and Taipei and have made air travel more accessible for both leisure and business travellers.”
Rheinmetall is riding high as Europe scrambles to boost its defence forces and replenish spent stockpiles sent to Ukraine.
The forecast came as the Italian firm presented its new 2025–29 industrial plan to analysts, with its future figures bolstered by the European increase in defence spending.
Speaking before a committee on European affairs, the speakers addressed recent developments following an eventful few days. During this period, the UK pushed for increased support for Ukraine, while the EU eased budget constraints to allow for greater defence spending. Meanwhile, across the Atlantic, US President Donald Trump introduced tariffs that could impact the defence industry.
NATO and other Western countries had been singing from the same song sheet since the full-scale invasion of Ukraine by Russia three years ago but the alliance has been weakened as the new US administration under President Donald Trump pauses military aid to Ukraine.
Since the release of Ireland’s Commission on the Defence Forces (CoDF) report two years ago there have been whisperings about the potential of Ireland buying fighter jets, one of the most ambitious recommendations. The prospect has now inched closer.
UK Prime Minister Keir Starmer raises defence spending, while both NATO and President Trump demand significant further increases.