• Adani Defence and Aerospace to acquire Air Works for Rs 400 crores

    Business
    Adani Defence and Aerospace to acquire Air Works for Rs 400 crores
    According to D Anand Bhaskar, MD & CEO of Air Works Group, "India has the potential to become the region's MRO centre for both civil and military aircraft.

    Digital; Desk: Definitive agreements have been signed by Adani Defence Systems & Technologies Ltd. (ADSTL) to purchase Air Works, India's largest and most diverse independent MRO with the largest pan-India network presence spanning 27 cities.

    "For important defence and aerospace platforms, Air Works has built up substantial operational capabilities across the nation. Air Works performs base maintenance for the ATR 42/72, A320, and B737 fleet of aircraft from its EASA and DGCA-certified facilities in Mumbai, Delhi, Hosur, and Kochi, starting with the first P-8I aircraft Phase 32 checks and continuing through Phase 48 checks and MRO on the landing gear of the Indian Air Force's 737 VVIP aircraft "a statement from the Adani Group company.
     
    "Given India's growth trajectory and the government's goal of connecting the country through a vast mesh of air connectivity, it seems likely that the country's airline and airport sector would experience its most rapid expansion in the years to come. 

    Therefore, the area of maintenance, repair, and overhaul is essential to both the defence and commercial aerospace industries. What results is one of the most exciting, complete, at-scale, and digital MRO services within the borders of the country," said Ashish Rajvanshi, CEO of Adani Defence & Aerospace. Add to this the current modernization effort to make India a significant market for defence aircraft.

    "Over the course of its 70-year history in aviation, Air Works has successfully completed a number of projects that were firsts for both the industry and India. When you combine this with the competencies of the Adani Group, you get a company that accurately depicts what an Atmanirbhar Bharat in a crucial industry should be like."

    According to D Anand Bhaskar, MD & CEO of Air Works Group, "India has the potential to become the region's MRO centre for both civil and military aircraft. Being integrated into the Adani Defence & Aerospace platform is a fantastic opportunity for Air Works and its staff. The government's policy efforts, such as the convergence of civil and defence MRO, would result in significant cost savings and job growth.
     
     
     
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