DUBAI / WAM flydubai on Tuesday announced its half-year results for 2016 and reported total revenue of AED 2,302 million (US$627 million), an increase of 5.4 percent compared to the same period last year. A loss of AED89.9 million (US$24.5 million) was also reported which is 39 percent lower than H1 of the previous year. During the period, passenger …

  DUBAI / WAM Dubai Aerospace Enterprise (DAE) Ltd. announced the signing of a definitive agreement to acquire 80 percent of Jordan Aircraft Maintenance Limited from The Abraaj Group. The terms of the transaction were not disclosed. Joramco has a solid track record as a leading independent commercial aircraft maintenance, repair and overhaul (MRO) facility serving a wide range of …

  ABU DHABI / WAM Researchers at the Masdar Institute of Science and Technology have developed a novel type of ‘buckypaper’, a thin film composed of carbon nanotubes, or grids, that have better thermal and electrical properties. Researchers believe the innovative buckypaper could be used to create ultra-lightweight composite materials for numerous aerospace and energy applications, including advanced lightning strike …