Following its investments at Istanbul Airport, global aircraft maintenance, repair and overhaul (MRO) provider, Turkish Technic, says they are starting to evaluate investment opportunities in the Asia-Pacific region that are aligned with its international expansion strategy.
The Asia-Pacific, the rising region of the world’s aviation, is expected to have the largest aircraft fleet in the world in the near future with its exponential fleet growth rate, offers a wide customer portfolio for the MRO market. Aiming to become an active player in this developing market, Turkish Technic has started evaluating its investment activities in line with its growth strategies, building new cooperation and partnership after long-term market research in the Asia-Pacific region.
Having the most competent and state-of-the art aircraft maintenance facilities in the Europe and Middle East regions, Turkish Technic says it aspires to expand its nearly one hundred years of experience in the aircraft maintenance and repair market to this region with its investments in Malaysia, one of the most important centers of the Asia Pacific region.
Contining evaluation of investment opportunities to achieve its farther targets, Turkish Technic has signed an agreement with Sapura Technics, an aircraft maintenance and repair companies in Malaysia and a subsidiary of Sapura Resources Berhad, at a meeting held in Istanbul on 12 July 2021 with the attendance of the Malaysian Minister of International Trade and Industry, Malaysia Investment Development Authority (MIDA) and Malaysia External Trade Development Corporation (MATRADE).
“Without a doubt, aviation and MRO sector are one of the sectors most affected by the pandemic. As Turkish Technic, during these challenging times, we aim to distinguish ourselves from the competition in a positive way by increasing our capabilities, expanding our customer portfolio, and continuing our investment and growth efforts without cutting pace,” Turkish Airlines Chairman of the Board and the Executive Committee, İlker Aycı said. “Therefore, we aspire to expand our investments in the Asia-Pacific region, which is the fastest developing region in the world and is expected to have the highest fleet ratio in the near future. We believe that these investments will be of great importance for our company and our country’ civil aviation. We are continuously evaluating the investment opportunities in the Asia-Pacific region. This project, which is due to be realized, is of great importance in terms of achieving our company’s goals of increasing its market share in the global MRO market.”