Adani Group’s company Defense Systems and Technologies Limited (ADSTL) has announced the acquisition of Air Works Group, India’s largest Independent Aircraft Maintenance Repair and Overhaul (MRO) organization. A deal has been signed for this. The deal is worth Rs 400 crore. Let us inform that Air Works Group has the largest pan India network in 27 cities.
What did the company say?
In a statement, the defense company of the Adani Group said, “Air Works Company is engaged in large scale business within the country for major defense and aerospace platforms. -8I Aircraft Phase, Phase 32 to Phase 48 Check and MRO, Air Works maintains from its EASA for ATR 42/72, A320 and B737 fleet of aircraft.The company has DGCA- at Mumbai, Delhi, Hosur and Kochi. There are also certified facilities.Adani Group in its statement also said that Adani Defense and Aerospace Group has a defense unit worth $250 billion.
What did Air Works Group say?
D Anand Bhaskar, MD & CEO, Air Works Group said, “India has the potential to become an MRO hub for the defense and civil aircraft sector. This is a great opportunity for Air Works and its employees to join under the Adani Defense and Aerospace Platform. This will create large scale economies and employment opportunities in the future.