Turkish Technic recorded a 37 per cent growth in revenue in 2022 compared to the previous year, to US$1.42 billion.

The MRO company said this represented the highest growth rate and revenue in its history.

Turkish Technic also said it increased its market share to 1.9 per cent.

The company completed base maintenance operations for Boeing 787 Dreamliner and Airbus A350 aircraft for the first time during the year and carried out its first Boeing 777-300ER landing gear overhaul.

“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,” said Turkish Technic’s chairman of the board of directors and executive committee, Prof. Dr. Ahmet Bolat.

“Closing 2022 with $1.42 billion in revenue and $119 million 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.”

Turkish Technic said it provided base maintenance services to 649 aircraft, completed overhaul operations of 221 landing gears, and serviced over 119,000 components throughout 2022.