New Delhi: Adani Defence & Aerospace has signed a definitive agreement to acquire India’s biggest and most diversified independent company, MRO Air Works, for Rs. 400 crores. The oldest MRO in the nation, Air works is present in 27 different cities.
CEO of Adani Defence & Aerospace, Ashish Rajvanshi, said that the maintenance and overhaul sector has a crucial role in both the defence and civilian aerospace sectors. “Given India’s growth trajectory and the Government’s focus to network the nation through a massive mesh of air connectivity, it is inevitable that the primary growth of India’s airline and airport sector lies ahead of it. The ongoing modernisation programme to make India a large market for defence aircraft is making it an exciting space”, he added.
Air Works has developed extensive capabilities for key defence and aerospace platforms in the country. “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, Air Works 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,” the Adani company said.
Rajvanshi said that, with Air Works’ 70-year aviation legacy, and the Adani Group’s capabilities, the new entity would represent what an actual Atmanirbhar Bharat critical sector should look like.
D Anand Bhaskar, MD & CEO of Air Works Group, said that India has the potential to become the Air Works hub for the nation. “The government’s policy measures and initiatives, including the convergence of civil and defence MRO, would create economies of scale and huge employment opportunities”.
In 1951, Air Works was established and partnered with international aviation OEMs, airlines, lessors, aircraft owners and operators, and the Indian defence forces. It provides heavy checks, line maintenance, avionics upgrades, retrofits, cabin and interior refurbishment, exterior finishing and painting, MRO services, maintenance training, and redelivery checks.
