Istanbul Jet ranks 118th in Türkiye’s top 500 private companies list

Istanbul Jet, a prominent Turkish aviation and fuel services firm, has secured the 118th spot in Capital Magazine’s prestigious Capital500 list, which ranks Türkiye’s top 500 private companies.

Key details of Istanbul Jet

• Sector leadership: Istanbul Jet is positioned 23rd in the energy-oil sector, reflecting its strong presence across Europe, the Middle East and the Far East.
• CEO’s vision: Huseyin Latifoglu, CEO of Istanbul Jet, aims to position the company as a global leader in aviation and fuel services.
• Expansion plans: The company plans to invest in jet fuel storage facilities in Central Europe to boost its overseas sales. A new jet fuel storage facility in Dalaman, Mugla, worth over 4 million euros ($4.4 million), is set to open soon.

Istanbul Jet’s growth performance

Istanbul Jet maintained its 118th position in both the 2023 and 2024 Capital 500 rankings. However, the company made significant strides in the Fortune 500, climbing from 94th in 2023 to 88th in 2024.

• 2023: Istanbul Jet’s sales volume increased by 40%, with a 21% rise in turnover compared to the previous year.
• 2024: The company achieved 21% growth in the first five months of 2024 and is targeting a 15% growth in sales volume this year.
• Product breakdown: 90% of sales are jet fuel, 8% land fuel, and 2% marine fuel.