FL Technics Outpaces Global Aviation MRO Sector 6x with Bold Expansion Strategy

While much of the global aviation MRO market focuses on established regions, FL Technics Group has prioritized underserved airline markets across multiple continents, nearly quadrupling its revenue over the past 9 years. As the company doubles its global market share and expands into the Americas, it aims to reach $1 billion in revenue by 2030.

While the largest aviation maintenance, repair, and overhaul (MRO) providers often focus on established, high-volume markets, some companies have grown by taking a different approach: expanding into underserved regions.

FL Technics Group, a global independent aviation MRO provider, exemplifies what this approach can achieve. Over the past 10 years, the company has grown its presence in Asia, EMEA, Europe, the Middle East, and, most recently, the Americas, increasing its revenue by almost 4 times, from $105.3 million in 2016 to $405.2 million in 2025. Through ongoing expansion, including the recent acquisition of JOB AIR Technic, and a focus on meeting airline demand in both established and emerging markets, FL Technics now aims to reach $680 million in revenue in 2026 and $1 billion by 2030.

Growth above the industry average

Data shows just how much FL Technics’ growth stands out. Between 2017 and 2025, the company posted a compound annual growth rate of 16%. The global aviation MRO market grew at an average of 2.7% a year during the same period, according to the Oliver Wyman market forecast, the sector’s main benchmark. This means FL Technics expanded at nearly six times the rate of its wider market.

According to Žilvinas Lapinskas, CEO of FL Technics Group, this success resulted from a consistent focus on entering new markets, new capabilities, and investing in capacity. “Our results come from organic geographic expansion and selective mergers and acquisitions across several regions, including Asia and the Americas. We built facilities, expanded our presence, entered new business lines, and responded to demand in regions where airline fleets are still growing, instead of consolidating.”

Besides geographic expansion, the company’s rapid growth also comes from developing service lines such as Wheels and Brakes repair in key markets, scaling up line and base maintenance, and acquiring firms to gain local expertise. This strategy enables FL Technics to serve a wider range of airlines and respond to changing needs more quickly than many competitors that focus only on established regions.

Market share grows along with the client base

This rapid growth is reflected in FL Technics’ share of the global aviation MRO industry. From 2017 to 2025, the company’s market share doubled from 0.2 percent to 0.4 percent. During the same period, the number of the company’s clients grew by over 80 percent, from 792 in 2016 to 1,433 in 2025. 

“Our partnerships with leading airlines speak for themselves,” says Lapinskas. “When Tier 1 carriers, who rarely switch suppliers, choose to work with us, it shows the trust they have in our long-term commitment and capabilities."

Looking ahead, FL Technics is preparing to expand further by broadening its Wheels and Brakes services for new clients and increasing its base maintenance capabilities in Asia and the Americas. The company also plans to expand its component trading activities across these regions, where flight volumes continue to increase. 

One of the major projects currently underway is the new Punta Cana aircraft MRO facility in the Dominican Republic. The hangar will increase base maintenance capacity in a region where demand for aviation support services is growing rapidly. With this $70 million strategic investment, FL Technics will strengthen its position in the Americas and lay the groundwork for ongoing growth in new airline markets.

The Punta Cana facility will be developed in three strategic phases. Phase one will deliver a 20,000 sq. m hangar with five maintenance bays designed for heavy checks and a full suite of supporting shops, bringing the total infrastructure area to 52,000 sq. m. Phase two will double capacity to 12 bays, while phase three will expand to 20 bays, positioning the site among the largest MRO facilities in Latin America. 

The new hangar will service Airbus A320F and Boeing 737 NG and MAX aircraft, enabling FL Technics to support airlines operating across North, Central, and South America. 

About FL Technics

FL Technics is a global provider of aircraft maintenance, repair, and overhaul (MRO) services. The company specializes in base and line maintenance, spare parts and component support, engine, APU, and landing gear management, full aircraft engineering, and technical training, and aerospace logistics solutions. Certified under EASA Part-145, Part-CAMO, Part-147, Part-21, and FAA-145, FL Technics operates facilities in Lithuania, Indonesia, the Middle East, and the United Kingdom, with line stations worldwide.

FL Technics is part of Avia Solutions Group, the world’s largest ACMI (Aircraft, Crew, Maintenance, and Insurance) provider, operating a fleet of 187 aircraft across 6 continents. The group also provides a range of aviation services: MRO (Maintenance, Repair, and Overhaul), pilot and crew training, ground handling, and other associated aviation services. Supported by 14,000 highly skilled aviation professionals, the group is the parent company of over 250 subsidiaries.