Flydubai reports $1.6b revenue, $54m profit for 2019

Flydubai reports $1.6b revenue, $54m profit for 2019

Our Results demonstrate that we have capitalised on the strong fundamentals in our business, but it is regrettable that our growth strategy has been significantly impacted by the grounding of the Boeing 737 MAX.". Ghaith Al Ghaith, Chief Executive Officer at flydubai, commenting on reaching an interim settlement agreement, said: "We have concluded an interim settlement agreement with Boeing for certain compensation due to flydubai in relation to the grounding of the Boeing 737 MAX.. The efficiency gains expected from the Boeing 737 MAX have not been realised with the continued grounding.. MAX aircraft: 11 Boeing 737 MAX 8 and 3 Boeing 737 MAX 9 aircraft remain grounded.. Four aircraft operated between 07 January and 25 January 2020 and two aircraft are operating between 26 January and 31 March 2020.. Headquarters: construction of flydubai's new head office is underway and is due to be completed in 2020.. With a current fleet size of 42 aircraft our ability to launch new routes and add frequencies will continue to be severely impeded..