Turkish Technic, the maintenance arm of Turkish Airlines, grew its third-party sales by more than 25% in 2023.
External customers accounted for $531 million of Turkish Technic’s total revenue of $1.86 billion last year. This compares with total revenue of $1.51 billion in 2022, of which $414 million arrived from outside the airline group.
Sales in 2023 beat what had been a record year for revenue in 2022, while Turkish Technic’s operating profit climbed to $255 million from $178 million year on year. Operating profit for the flag carrier group’s airlines in 2023 was $2.6 billion, roughly the same as the previous year.
Turkish Technic’s improved performance in 2023 was attributed in part to its drive to source more external business, as well as the growth of its parent airline—factors that caused it to increase headcount by more than 10% to 10,500 staff by the end of 2023.
Speaking to Inside MRO in late 2023, Turkish Technic’s Bilal Karaman, senior vice president for aircraft maintenance, noted that in contrast to many of its peers, the MRO provider faced few recruitments, but noted that the real challenge was keeping young people motivated and willing to stay within the sector.
The MRO provider’s Istanbul facility was selected by EFW as its ninth center for Airbus A330P2F conversions in October 2023. The first conversion is underway and should be complete by the middle of this year.
In addition to hangars at Istanbul’s Ataturk, Istanbul and Sabiha Gokcen airports, Turkish Technic also has facilities in Ankara and Aydin.
Last November, Swiss awarded Turkish Technic a heavy maintenance contract covering seven Airbus A330s. More recently, in February, Turkish Technic won a five-year contract from Silk Way West Airlines to support the Azerbaijani cargo carrier’s Boeing 777F components via a pooling program.
Related Content
