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.
Athens International Airport (AIA) has given Baboo its “Best Performing New Airline Award” for 2009 thanks to the airlines recording the highest passenger traffic numbers among all newcomers that launched scheduled operations in 2008.
The photo shows Baboo CEO, Jacques Bankir, with the trophy presented by AIA.
Competing in this category, awarded during the 10th Airline Marketing Workshop organised by AIA, were airlines that had introduced services in 2008 and that operated those services throughout 2009.
Baboo launched two routes, Athens–Geneva and Athens–Nice on 25 October 2008. Soon after the opening, a codeshare agreement was signed with Olympic and the routes have been operated in joint venture by the two airlines since. This includes a reconfirmation of the codeshare agreement with the new Olympic Air which took to the skies at the end of September 2009.
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.