FL Technics reports growing revenue accompanied by increasing diversification for 2016

FL Technics, a global provider of one-stop-shop aircraft maintenance, repair and overhaul services, has announced its yearly business review, displaying a stable, over 20% growth in revenues as well as continuing service and geographical diversification. Bouncing back from bankruptcy of a major client and a financial backdrop in the year 2015, FL Technics has managed to maintain the rise in revenue numbers over the year 2016, as well as trigger a jump in net profit (from a loss of €11m in 2015 to a profit of almost €3m in 2016). The numbers were mainly affected by the company’s growing operations in Asia Pacific, new clientele as well as LEAN business process optimization. In 2016, FL Technics opened a representative office in Bangkok, Thailand and a new hangar in Jakarta, Indonesia. Increasing presence resulted in an upward trend of revenue from the region, which grew on average 4 times year-on-year. The company also continued the diversification of its client and service portfolio.