How UAE defence giant EDGE Group plans to double its exports
The UAE defence conglomerate has put an aggressive strategy in place to increase its share of exports while navigating the growing gap between East and West.
American Eagle Airlines is to begin nonstop jet service between Chicago O'Hare (ORD) and Tri-Cities Regional Airport (TRI), centrally located between Bristol, Kingsport and Johnson City, Tennessee, on 2 July.
Eagle will operate the twice-daily service with 44-seat Embraer ERJ 140s.
"American Airlines was the first carrier to operate at Tri-Cities Regional Airport, launching service on 1 September 1937, and we are delighted to bring the American brand back, with service to the Tri-Cities area from our hub in Chicago," said Gary Foss, vice-president–planning and marketing for the AA Regional Network.
Known as 'America's First Frontier,' the Tri-Cities area boasts numerous historic sites and a rich heritage forged by America's first settlers.
"The Airport Commission is pleased to be able to work with American Airlines on providing direct service to their Chicago O'Hare hub from Tri-Cities Regional Airport," said Ken Maness, chairman, Tri-Cities Airport Commission. "The connections available in Chicago will give travellers many new opportunities for national and international destinations."
The UAE defence conglomerate has put an aggressive strategy in place to increase its share of exports while navigating the growing gap between East and West.
The US Congress has raised concerns about how inflation rates and cuts in main acquisition programmes could affect the US military.
Washington’s ageing inventory and the pace Moscow and Beijing have been modernising their capabilities put in check the US Nuclear deterrence.
The Pentagon has been operating under temporary funding since October 2023, which has impacted its main acquisition and development programmes, increasing the capability gap between the US and China.
In 2023, defence spending increased by an unprecedented 11% across European NATO countries and Canada. Since 2014, the group has spent an additional US$600 billion on defence.
The DoD requested nearly US$850 billion to fund operations over the next fiscal year. Despite the amount being 1% higher than the FY2024 budget request, it has not covered the 3% inflation rate, which could impact the DoD’s main programmes in the medium and long term.