The Jazz Air Income Fund has announced its 2009 results featuring a net income of C$92.6 million.
Operating revenue for the year reached C$1,473.9 million, with operating income of C$88.8 million. "Despite the challenges faced by North American airlines during the year, Jazz posted strong operating and financial results every quarter in 2009," noted Joe Randell, president and chief executive officer of Jazz. "The service excellence delivered by our employees greatly contributed to the achievement of our best operational performance to date – earning a record C$4.6 million in performance incentives for the quarter and C$19 million for the year. More importantly, we accomplished this safely and as a team.
"Solid management practices and our successful focus on cost control have contributed to maintaining a healthy balance sheet, and our liquidity position was further strengthened by the successful closing of a 9.5% convertible debenture offering in November," Randell added. "Despite the volatility in capital markets, the offering was very well-received and gross aggregate proceeds were over C$86 million."
The initial document focused more on creating the right partnerships and inspiring investment in defence than on any details of how future UK Armed Forces would be armed.
The first stage of developing a new UK Defence Industrial Strategy has highlighted failings in current structures with solutions expected to be proposed in next year’s full strategy.
Romania joined NATO more than two decades ago and the country is vital to the alliance’s geographic reach and its ability to supply Ukraine with weapons.
Although Trump’s geopolitics policy for Europe remains unclear, defence analysts from the US and Europe predict how his incoming administration would attempt to handle critical issues on the continent.
The UK budget announced in Parliament on 30 October was the first by a Labour government in 14 years which has also launched a review into defence procurement programmes.
The Australian government has placed a focus on Guided Weapons and Explosive Ordnance (GWEO) which has included the purchase of additional long-range rocket systems and investments in local production of missiles.
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