Adani Defence Systems & Technologies on Tuesday signed a definitive agreement to acquire Air Works, India’s biggest and oldest MRO, for INR 400 crore.
“Air Works has impeccable proven capabilities and over its 70-year aviation legacy has successfully delivered several India-first and industry-first projects,” said Ashish Rajvanshi, CEO of Adani Defence & Aerospace. “Combine this with the Adani Group’s capabilities and what we get is an entity that truly represents what an Atmanirbhar Bharat in a critical sector should look like.”
“India has the potential to become the MRO hub for the region across defence and civil aircraft,” said D Anand Bhaskar, MD & CEO, of Air Works Group. “The government’s policy measures and initiatives including convergence of civil and defence MRO would create economies of scale and huge employment opportunities.”
From the first P-8I aircraft Phase 32 checks to Phase 48 checks and MRO on the landing gear of the Indian Air Force’s 737 VVIP aircraft, the oldest MRO in India, which was established in 1951, undertakes base maintenance for ATR 42/72, A320 and B737 fleet of aircraft from its EASA and DGCA-certified facilities at Mumbai, Delhi, Hosur, and Kochi.
Air Works has 6 maintenance bays and over 900 maintenance technicians.
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