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.
Republic Airways Holdings has promoted James Reichart, a 24-year veteran of Midwest Airlines, to the key position within the company's branded network of vice-president of sales, distribution and loyalty programmes.
Reichart will be responsible for agency and corporate sales; the company's e-commerce internet presence; loyalty and reward programmes, including direct marketing to its frequent flyer members; sponsorships; and distribution, including online travel agencies.
Republic is currently completing customer focus groups as it works to harmonise the customer experience across its branded network, which features recently acquired Frontier and Midwest Airlines.
Reichart holds a bachelor's degree in mass communications/broadcasting from the University of Wisconsin-Milwaukee. Most recently, he served as director of advertising and brand for Midwest Airlines.
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.