{"id":200677,"date":"2024-12-23T13:27:04","date_gmt":"2024-12-23T13:27:04","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/12\/23\/adani-spreads-wings-in-aviation-to-acquire-leading-mro-air-works-times-of-india\/"},"modified":"2024-12-23T13:27:04","modified_gmt":"2024-12-23T13:27:04","slug":"adani-spreads-wings-in-aviation-to-acquire-leading-mro-air-works-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/12\/23\/adani-spreads-wings-in-aviation-to-acquire-leading-mro-air-works-times-of-india\/","title":{"rendered":"Adani spreads wings in aviation, to acquire leading MRO Air Works – Times of India"},"content":{"rendered":"
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NEW DELHI: The Adani Group<\/a>, that operates airports in seven cities including Mumbai and is building a greenfield one at Navi Mumbai, is expanding its presence in the aviation space. It is acquiring India\u2019s biggest private sector MRI (maintenance, repair & overhaul) player Air Works for an enterprise value of Rs 400 crore.
Adani Defence Systems & Technologies Ltd (ADSTL) has signed a SPA to acquire 85.8% shareholding in Air Works, which does line maintenance, heavy checks, interior refurbishment, painting, redelivery checks, avionics and asset management services for its Indian and global customers.
Air Works does base maintenance for narrowbody, turboprop and rotary aircraft at its facilities in Hosur, Mumbai and Kochi and has regulatory approvals from civil aviation authorities of over 20 countries. It also handles defence MRO.
Adani Airports director Jeet Adani said: \u201cThe Indian aviation industry stands at a transformative juncture, now the third largest globally and on track to induct over 1,500 aircraft in the coming years. This growth aligns seamlessly with Govt\u2019s vision to connect every corner of our nation, creating unprecedented opportunities in aviation services. For us, creating a presence in the MRO sector is more than just a strategic step \u2014 it\u2019s a commitment to building an integrated aviation services ecosystem that strengthens the backbone of India\u2019s aviation infrastructure. Together, we are excited to play a pivotal role in shaping the future of India\u2019s skies,\u201d said
Adani Defence & Aerospace CEO Ashish Rajvanshi said: \u201cThis acquisition represents a pivotal step in Adani Defence & Aerospace\u2019s mission to strengthen India\u2019s MRO capabilities. Our vision is to deliver a full-spectrum MRO offering \u2014 spanning line, base, component, and engine maintenance \u2014 to meet the needs of both commercial and defence aviation sectors. In a time when <\/p>\n

aatmanirbharta<\/i><\/p>\n

in defence is a national imperative, we stand fully committed to scaling domestic capabilities to serve both our armed forces and the broader aviation sector.\u201d<\/div>\n<\/div>\n