Abu Dhabi Aviation expects 10% growth in profit – Chairman

By: Ramy Sameeh

Abu Dhabi – Mubasher: Abu Dhabi Aviation is expected to achieve a 10% growth in its profit in 2016, chairman Nader Al Hammadi said on Tuesday.

“The company is considering to expand its investments in the real estate sector,” the chairman added during the company’s ordinary general meeting.

Al Hammadi added that the company will not buy any new planes due to difficult market conditions caused by falling oil prices.

Translated by: Elwy el-Manzalawy

MUBASHER Contribution Time: 08-Mar-2016 14:26 (GMT)