The acquisition enhances Adani’s capabilities in both civil and defence aviation MRO, marking a critical step in the group’s expansion into integrated aviation services.
The Adani Group has announced its acquisition of Air Works, India’s largest private aviation maintenance, repair, and overhaul (MRO) services firm, for an enterprise value of ₹400 crore, according to an ET Online report. The deal, executed through Adani Defence Systems & Technologies Ltd (ADSTL), includes an 85.8% shareholding in the company.
Air Works, with operations in 35 cities and a workforce of over 1,300 professionals, brings expertise in servicing fixed-wing and rotary-wing aircraft. The acquisition enhances Adani’s capabilities in both civil and defence aviation MRO, marking a critical step in the group’s expansion into integrated aviation services.
Air Works provides comprehensive aviation services, including line maintenance, heavy checks, avionics, aircraft painting, interior refurbishment, and redelivery checks for both Indian and global clients. It conducts base maintenance for narrowbody, turboprop, and rotary aircraft from its facilities in Hosur, Mumbai, and Kochi. The company also holds regulatory approvals from aviation authorities in over 20 countries, further solidifying its position as a leader in the sector.
Adani Airports Director Jeet Adani emphasised the transformative growth in India’s aviation industry, now the third-largest globally, with plans to induct over 1,500 aircraft in the coming years. “This acquisition aligns with our vision to create an integrated aviation services ecosystem that strengthens India’s aviation infrastructure. Together, we aim to shape the future of India’s skies,” he said.
Air Works has also built significant defense MRO capabilities, supporting the Indian Navy’s P-8I aircraft and the Indian Air Force’s 737 VVIP fleet. The acquisition is expected to bolster domestic MRO capabilities, aligning with the government’s Aatmanirbhar Bharat initiative.
Ashish Rajvanshi, CEO of Adani Defence & Aerospace, noted the strategic importance of the deal. “This landmark acquisition is a commitment to scaling domestic capabilities and delivering full-spectrum MRO services for commercial and defense sectors,” he said.
Adani Defence & Aerospace, a division of the Adani Group, specialises in designing and manufacturing advanced defence systems. With the Air Works acquisition, the group aims to strengthen India’s aviation infrastructure and build a robust ecosystem for both civil and defence aviation.
The move marks a significant milestone in Adani’s journey to becoming a key player in India’s aviation and defence sectors.
