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.
The European Low Fares Airline Association (ELFAA) has announces that in 2009 its members carried 162.5 million passengers – an 8.7% increase on the previous year.
“These figures show clearly how ELFAA members are bucking the trend in the aviation sector when it comes to passenger numbers,” observed John Hanlon, secretary-general of ELFAA. “It also demonstrates beyond any doubt that the economic crisis need not be an excuse for airlines to go cap in hand to governments pleading for unjust cash injections.”
ELFAA said its members also led the way in job creation, taking on an additional 3,000 permanent employees in Europe last year, an increase of 12.5% on 2008. The Association added that this “further underscores the fact that the low-fare airline sector is well on the way to becoming the principal player in European aviation”.
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.