Turkish Technic has released its financial results for 2022, which indicate strong growth in its aircraft maintenance, repair and overhaul (MRO) activities. The company recorded US$1.42 billion in revenues – a 37% growth compared to FY2022’s figures – which is the highest growth rate and revenue figure in the company’s history. Turkish Technic has also increased its share of the MRO market to 1.9%.
The latest results also reflect recent milestones in the company’s capacity and capabilities, including the completion of base maintenance operations for Boeing 787 Dreamliner and Airbus A350 aircraft types for the first time, and its first Boeing 777-300ER landing gear overhaul. The company also added 1,193 aircraft part numbers to its capability in 2022, further expanding its maintenance-repair capabilities and the range of services it can offer customers.
Turkish Technic also provided base maintenance services to 649 aircraft, completed overhaul operations of 221 landing gears. and serviced more than 119.000 components throughout 2022.
Prof. Dr Ahmet Bolat, chairman of the board of Turkish Technic, said of the 2022 performance of the company: “To meet the growing needs of the aviation industry, we continuously increase our capacity and capabilities and continue to provide high-quality maintenance-repair services to our local and international customers. Closing 2022 with US$1.42 billion in revenue and US$119 million in operational profit, we achieved remarkable success in our company’s history.”