Adani Defence & Aerospace Acquires Air Works India: Rs 400 Crore Deal
Adani Defence Systems & Technologies Ltd (ADSTL) has made a significant move in the aviation sector by acquiring an 85.8% stake in Air Works India, the country’s largest private-sector Maintenance, Repair, and Overhaul (MRO) company. This acquisition, valued at a staggering Rs 400 crore, marks a crucial step in Adani Defence’s strategy to bolster its presence in the aviation industry, particularly in defence MRO services.
Air Works India: A Leader in Aviation Services
Air Works India, a renowned player with more than seven decades of experience in civil and defence aircraft maintenance, is set to become an integral part of Adani Defence’s extensive aerospace and defence portfolio. With operations spanning across 35 cities and a dedicated workforce of over 1,300 professionals, Air Works is known for its comprehensive range of aviation services. The company’s capabilities include servicing fixed-wing and rotary-wing aircraft, offering line maintenance, heavy checks, interior refurbishment, painting, avionics, and asset management services.
Strategic Importance of the Acquisition
Ashish Rajvanshi, the Chief Executive Officer of Adani Defence & Aerospace, emphasized the strategic significance of this acquisition. He highlighted the company’s vision to provide a full-spectrum MRO offering, covering line, base, component, and engine maintenance for both commercial and defence aviation sectors. Rajvanshi stressed the importance of enhancing India’s MRO capabilities, especially in the context of self-reliance in defence, to meet the needs of the armed forces and the broader aviation sector.
Enthusiasm and Commitment
Jeet Adani, Director of Adani Airports, expressed his excitement about the acquisition, citing the transformative phase of the Indian aviation industry. He underscored the alignment between the industry’s growth trajectory, government initiatives, and the strategic vision of Adani Group to shape the future of India’s aviation sector. Adani emphasized that the move into the MRO sector is not just a strategic step but a commitment to building an integrated aviation services ecosystem that strengthens the nation’s aviation infrastructure.
This acquisition signals a new chapter in the Indian aviation industry, with Adani Defence & Aerospace poised to play a pivotal role in shaping the future of the country’s skies. The integration of Air Works India into Adani’s portfolio sets the stage for enhanced capabilities, expanded services, and a stronger foundation for India’s aviation sector. Get ready to witness an exciting transformation in the skies above, as Adani takes flight towards a brighter future in aviation.
