NEW DELHI: Adani Group, which operates airports in seven cities including Mumbai and is building a greenfield airport in Navi Mumbai, is expanding its presence in aviation. Acquires Air Works, India’s largest private MRI (maintenance, repair and overhaul) company, for an enterprise value of 400 million rupees.
Adani Defense Systems & Technologies Ltd (ADSTL) acquires 85.8% stake in Air Works, which provides line maintenance, intensive inspection, interior refurbishment, painting, redelivery inspection, avionics and asset management services for customers in India and internationally We have signed a SPA to
Air Works provides base maintenance for narrow-body, turboprop and rotary aircraft at facilities in Hosur, Mumbai and Kochi and has regulatory approvals from civil aviation authorities in more than 20 countries. I am also in charge of defense MRO.
Jeet Adani, Director, Adani Airports, said, “India’s aviation industry is at a crossroads of transformation, currently the third largest in the world, with plans to induct over 1,500 aircraft in the next few years. ” he said. This growth aligns seamlessly with the government’s vision to connect every corner of our country and create unprecedented opportunities in aviation services. For us, establishing our presence in the MRO space is not just a strategic step, but a commitment towards building an integrated aviation services ecosystem that strengthens the backbone of India’s aviation infrastructure. Together, we are excited to play a pivotal role in shaping the future of India’s skies.”
Ashish Rajvanshi, CEO of Adani Defense & Aerospace, said: “This acquisition is a critical step in Adani Defense & Aerospace’s mission to strengthen India’s MRO capabilities.” It is to provide services and meet the needs of both the civil and defense aviation sectors. In the era of
atmanirbharta
National defense is a national responsibility and we are committed to expanding our domestic capabilities to serve both the military and the broader aviation sector. ”
