Turkish Technic Inc.

Turkish Technic Inc. Overview

Company Headquarters: Istanbul, Turkey

Founded: 2006

Workforce: ~ 7,435

Company Working: Turkish Technic Inc. is a leading aircraft maintenance, repair and overhaul service providing company. The company provides services such as airframe heavy maintenance, engine and APU overhaul, and LDG overhaul. It owns five wide and narrow-body aircraft hangars, one VIP and light aircraft hangar in Istanbul, and one narrow-body aircraft hangar in Ankara, through which it provides MRO services to its clients. Other service offerings of the company include non-destructive testing, calibration services, design services, fleet asset management, research and development, material sales, engineering services, and training services. Turkish Technic Inc. serves airlines in Europe, Northern Africa, the Middle East, Turkey, and the Commonwealth of Independent States.

Strategy

Turkish Technic Inc. is centered on the maintenance of its balanced and diversified service portfolio to limit the impact of any other player on its market position. It is largely engaged in product development and improvements, structural cost reductions, operational improvements, and incremental earnings from its investments through acquisitions.

Company Snapshot

$1,099M

Revenue

7,435

Employees

2006

Founded

Istanbul, Turkey

Headquarters

SWOT Analysis

Strengths

Extensive service portfolio
Large presence in Europe and Middle East & Africa

Weaknesses

Less geographic presence in North America and Asia-Pacific
Concentrated buyers

Opportunities

Favorable government policies such as tax exemptions

Threats

Rising cost of raw materials

Key Developments

Date	Approach	Development
June 2018	Contract	Turkish Technic signed a contract with Turkish Airlines to provide MRO services.
May 2018	Contract	Turkish Technic Inc. signed a contract with Boeing to provide line maintenance, heavy maintenance, component services, and repair for their aircraft fleet.

Product Offering

Turkish Technic Inc.
- Landing Gear MRO Services

Financial Performance

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