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 Los Angeles International Airport (LAX) and Reno-Tahoe International Airport (RNO) from 10 June using 44-seat Embraer ERJ 140s.
"American Eagle is delighted to introduce service from Southern California to Reno and the beautiful Lake Tahoe area," remarked Peter Bowler, the airline’s president and CEO. "And with three daily nonstops, customers in Western Nevada will have convenient access to the West Coast and connections throughout American's global network."
Flights will depart LAX at 06:15, 11:45 and 13:05 with the returns leaving Reno at 08:00, 13:30 and 19:00.
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.