Adani Group will acquire Air Works for ₹400 crore, know how this deal will strengthen the company
Adani Defence Systems and Technologies Limited (ADSTL) has signed a share purchase agreement to acquire 85.8 per cent shareholding in Air Works, India’s largest private sector MRO company with the largest pan-India presence. Air Works offers a complete bouquet of aviation services spanning line maintenance, heavy inspection, interior renewal, painting, redistributive inspection, avionics as well as asset management services to its Indian and global customers.
Know about MRO
According to the news, the company undertakes base maintenance for narrow-body and turboprop aircraft as well as rotary aircraft from its facilities in Hosur, Mumbai and Kochi and has regulatory approvals from civil aviation authorities of more than 20 countries. With operations in 35 cities and a workforce of over 1,300 personnel, Air Works brings extensive expertise in servicing both fixed-wing and rotary-wing aircraft. This acquisition will enhance Adani’s capabilities in the defense MRO sector and strengthen its position in India’s air defense ecosystem.
Company’s opinion
Jeet Adani, Director, Adani Airports, said that the Indian aviation industry stands at a transformational juncture, now the third largest globally and on its way to adding more than 1,500 aircraft in the coming years. This growth is seamlessly aligned with the government’s vision to connect every corner of our country, creating unprecedented opportunities in aviation services. For us, building a presence in the MRO sector is more than just a strategic move – it is a commitment to create an integrated aviation services ecosystem that strengthens the backbone of India’s aviation infrastructure.
Our pledge to the nation
Ashish Rajvanshi, CEO, Adani Defence & Aerospace, said this landmark acquisition represents a significant step in Adani Defence & Aerospace’s mission to strengthen India’s MRO capabilities. Our vision is to provide a full-spectrum MRO offering – line, base, component and engine maintenance – to meet the needs of both the commercial and defence aviation sectors. At a time when self-reliance in the defence sector is a national imperative, we are fully committed to enhancing domestic capabilities to serve both our armed forces and the broader aviation sector. This is our pledge to the nation – to build capabilities that keep our skies safe and strengthen our sovereignty.
