Tuesday 13 May 2014

Plane parts maker Strata looking to break even next year | The National

Plane parts maker Strata looking to break even next year | The National:



"Strata, the Mubadala-owned facility plane parts maker, aims to break even by the end of next year, a government official said yesterday.



The Al Ain-based company that manufactures parts for Airbus and Boeing is also on the lookout for more acquisitions and expects to win more work to supply parts to the A380 superjumbo.



“Strata should break even by the end of 2015, that’s the goal,” said Homaid Al Shemmari, the chief executive of aerospace and engineering services at Mubadala."



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