When I mentioned wings, I thought about powerful wings that extended out to encompass the words Blue Dragon. You could even place the words Blue Dragon above and Fireworks below and use the wings to pull the image together.
The colors in the logo we like and have ranked highest (entry #17) just looks a little too old style in color and look. We would like a modern, crisper, even a bit metalic look to it (but not like a robot type metalic). I hope this helps. We appreciate your efforts.