TAI maintained its leadership in the aerospace sector in the Fortune Turkey 500 list

Turkish Aerospace Industries (TAI), which rose 11 places to 26th place in the Fortune Turkey 500 list, maintained its first place in the aviation sector.

According to a statement made by the company, the 2019 results of the “Fortune 500 Turkey Survey”, which has been conducted since 2008 and lists Turkey’s 500 largest companies, were announced.

Accordingly, TAI became the defense industry company with the highest increase in the ranking. Moving up 11 places to 26th place, the company also reinforced its leading position in the aviation sector.

The rise of TAI, which closed last year with a turnover of 2.2 billion dollars, was influenced by its share in turnover as well as its R&D projects. In addition to net sales, criteria such as earnings before interest and taxes, total assets, shareholders’ equity, profitability and exports were also evaluated to determine the list.

In his statement, Temel Kotil, CEO of TAI, said: “We are among the world’s 100 largest aviation companies, and we continue to increase our ranking in these lists every year. Our goal is to be among the top 10 largest aerospace and defense companies in the world, and I firmly believe that we will succeed.”

Source: https://www.aa.com.tr/tr/ekonomi/tusas-fortune-turkiye-500-listesinde-havacilik-sektorundeki-liderligini-korudu/1898093

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