Turkish Technic, a major global MRO provider, has reported record 2022 revenue of $1.42 billion, an increase of 37 percent compared to 2021. The company also reported a 1.9 percent market share increase, the highest growth rate in their history.
On Tuesday (March 21, 2023), Turkish Airlines announced that Turkish Technic, a global MRO provider, has achieved a record $1.42 billion in revenue for 2022, a year-over-year increase of 37 percent. Additionally, the MRO’s market share increased by 1.9 percent in 2022, also a company record. During 2022, Turkish Technic added new achievements to their service portfolio., and the addition of 1,193 new aircraft part numbers. The company has completed base maintenance operations for Boeing 787 Dreamliners and Airbus A350 aircraft for the first time, as well as their first Boeing 777-300ER landing gear overhaul.
In Tuesday’s announcement, Turkish Technic’s Chairman of the Board and Executive Committee, Prof. Dr. Ahmet Bolat, said,
“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 1.42 billion USD in revenue and 119 million USD in operational profit, we achieved remarkable success in our company’s history. We thank our customers for their confidence in our company and extend our gratitude to our colleagues for their dedication and effort.”
Throughout 2022, Turkish Technic provided base maintenance services for 649 aircraft, and completed overhaul operations for 221 landing gears. Additionally, the company serviced over 119,000 aircraft components last year.
Source: Turkish Airlines