Turkish Technic has recorded revenue growth of 15.7 per cent in financial year 2021 compared with the previous year, to US$1,034 billion.

The MRO company said it increased its market share to 1.6 per cent.

Turkish Technic noted that although it was negatively impacted by the Covid-19 crisis, it “quickly overcame” this effect, receiving base maintenance authorisation for the C/D hangars at Istanbul Airport. The company also performed base maintenance on a Boeing 787 for the first time, and increased its volume of landing gear maintenance work by 40 per cent, enhancing its maintenance repair capabilities in this area.

Assessing the company’s 2021 performance, Turkish Technic’s CEO Mikail Akbulut said: “We are happy with these numbers which showed we grew and profited during 2021 especially after one of the hardest years for aviation. Although the mean revenue of the MRO sector dropped by 28 per cent compared to pre-pandemic numbers, our company reached 88 per cent in third party revenue during this period.

“We will realise our growth plans by continuously increasing our capacity, capabilities, customer portfolio and personnel numbers. We are determined to surpass our growth and revenue level obtained before pandemic by the end of 2022. We thank our customers for their confidence in our company and extend our gratitude to our colleagues for their dedication and effort.”

In total, Turkish Technic provided 672 aircraft base maintenance services while conducting maintenance repair services on 216 landing gears and over 100,000 components.