New Zealand boosts defence spend to US$6.6 billion and vows increased closeness with Australia
This budget will be spent over the next four years and nearly doubles the country’s defence spending as part of GDP to 2%.
Court Approval of First Day Motions for Mesa
Mesa Air Group has received approval of all critical motions at its "first-day" hearing in the United States Bankruptcy Court for the Southern District of New York, presided over by the Honourable Judge Martin Glenn, with requests included covering its obligations to employees, suppliers and customers, business operations, tax matters, cash management, fuel procurement, and case management.
To ensure the company continues to operate without interruption, the Court has approved all requests which include important motions such as the Mesa's requests to continue to use its current cash management systems which will support the other approved requests including the continuation of existing employee salary and benefit programmes, payment of pre-petition amounts to certain critical vendors, ongoing payments to vendors and suppliers, and the continuation of all go! Mokulele customer programmes.
"The approval of our first day motions allows us to continue to focus on our restructuring efforts," said Jonathan Ornstein chairman and chief executive of Mesa. "Our hope is to move through this process in a timely manner and this first success is the foundation upon which we will build as we eliminate excess aircraft to better match our needs and give us the flexibility to align our business to the changing regional airline marketplace."
You may also like
More from Defence Notes
-
![New Zealand boosts defence spend to US$6.6 billion and vows increased closeness with Australia]()
-
![UK Chancellor commits £2 billion to make the country a “defence industrial superpower”]()
UK Chancellor commits £2 billion to make the country a “defence industrial superpower”
Rachel Reeves announced port upgrades, protected budgets for innovation and investment in novel technologies.
-
![Avalon 2025: Australian defence budget meets the low expectations of show attendees]()
Avalon 2025: Australian defence budget meets the low expectations of show attendees
The Australian Budget was marked by tax cuts and a looming general election which led to little hope that there would be a substantial defence boost even with a big bill for nuclear submarines due.
-
![Launch of Gilat Defense targets DoD market]()
Launch of Gilat Defense targets DoD market
The communications company Gilat launched its new Gilat Defense division at the Satellite 2025 expo, with future solutions aimed at US military customers.
-
![Collins MAPS Gen II to equip US DoD watercraft]()
Collins MAPS Gen II to equip US DoD watercraft
US services have already conducted multiple tests with military maritime systems fitted with the system.
-
![OCCAR expects substantial boost in programme numbers “in the coming months”]()
OCCAR expects substantial boost in programme numbers “in the coming months”
Europe’s Organisation for Joint Armament Cooperation (OCCAR) “has to establish itself…as a centre of excellence for cooperative Defence Equipment Programmes” in the face of growing threats and the need for rearmament, according to the organisation’s chairman.
