In a year marked by global and national economic turbulence, Istanbul Jet Aviation and Fuel Services Inc. has once again proven its resilience and managerial strength by maintaining its place among the top 100 companies on the Fortune 500 Turkey 2024 list.
Having first entered the list in 2022 at rank 94, Istanbul Jet has climbed to rank 90 in 2024. This achievement not only reflects financial performance but also demonstrates the company’s strategic resilience in a challenging business environment.
A Smooth Landing Through Turbulence
Just as an aircraft navigating turbulence lands safely under the control of an experienced pilot, Istanbul Jet successfully navigated economic uncertainties this year through visionary leadership, deep sectoral expertise, and strategic decision-making.
Visionary Leadership and a Sustainable Strategy
The company’s continued stability is driven by its mobility-focused growth plans, multi-energy infrastructure, global reach in Jet A1 fuel supply, and sustainability-focused investments. Istanbul Jet’s modern storage facilities at Dalaman and Gazipaşa airports and its extensive supply network spanning over 100 countries are further evidence of its expanding global footprint.
Hüseyin Latifoğlu, General Manager of Istanbul Jet, shared the following remarks:
“The economic volatility of 2024 was a test not only for us, but for the entire industry. We chose to see it not as a stress test, but as a resilience test. Retaining our place in the top 100 proves not only our financial strength but also our capacity for crisis management. We remain firmly committed to our journey forward.”
The Future of Energy: SAF, LNG, and Digital Transformation
Istanbul Jet’s strategic vision is centered on addressing both current and future energy needs. The company leads efforts to expand the use of low-carbon fuels such as Sustainable Aviation Fuel (SAF) and LNG. It is also investing in AI-powered fleet management systems and data analytics integration, aiming to elevate both customer experience and operational efficiency.
Strategic Resilience with a Global Outlook
Istanbul Jet’s 2024 performance positions it as one of the rare companies capable of balancing sustainability with growth despite economic challenges. Though the journey may include turbulence, Istanbul Jet continues to fly on course — safely landing as an industry leader prepared for the future.
According to the Fortune 500 – 2024 results:
📈 Based on return on equity (ROE):
➡️ Ranked 15th among the Top 50 Most Profitable Companies (new entry)
📊 Based on EBIT (Earnings Before Interest and Taxes) growth rate:
➡️ Ranked 33rd among the Fastest-Growing Companies (new entry)
📍 Among companies headquartered in Istanbul:
➡️ Ranked 58th
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