Adani Defence Systems and Technologies Ltd announced the signing of formal agreements to buy Air Works, which has a presence in 27 locations throughout India.
The multi-billion dollar Adani Group announced on Tuesday that it is set to acquire Air Works, one of India’s biggest and highly diversified aircraft maintenance, repair, and overhaul (MRO) companies, as part of its growing defense portfolio.
Adani Defense Systems and Technologies Ltd (ADSTL) announced the signing of formal agreements to buy Air Works, which has a pan-India presence in 27 locations, for Rs. 400 crores.
Air Works performs base maintenance for the ATR 42/72, A320, and B737 fleet of aircraft from its facilities in Mumbai, Delhi, Hosur, and Kochi, beginning with the first P-8I aircraft Phase 32 checks and ending with MRO on the landing gear of the Indian Air Force’s 737 VVIP aircraft.
