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Adani Aerospace To Acquire Air Works

Updated: Nov 4, 2022

Adani Defence & Aerospace acquires Air Works for Rs 400 crore with the aim to capitalize on the Defence and Aviation boom.

What's happening: Adani Defence Systems & Technologies (ADSTL Ltd.) has signed

definitive agreements to acquire Air Works, India's largest and most diverse independent

MRO (Maintenance, Repair, and Operations) with a presence in 27 cities nationwide.

  • This is a huge boost to Adani as it would allow them to expand and utilize the base maintenance for the ATR 42/72, A320, and B737 fleets which happens to be provided by Air Works' EASA and DGCA-certified facilities in Mumbai, Delhi, Hosur, and Kochi.

What's happening: Adani Defence & Aerospace is the $250 billion Adani Group's defense manufacturing arm, with the goal of assisting in the transformation of India into a destination for world-class high-tech defense manufacturing.

  • Buying Air Works for Rs 400 cr will allow them to expand even further

What they're saying: There has not been much communication from involved companies

about the intricacies of the deal besides its supposed acquisition and other minor details.

  • According to Ashish Rajvanshi, CEO of Adani Defence & Aerospace, the maintenance, repair, and overhaul sector is critical in both the defense and civilian aerospace sectors.

  • The company further highlighted that the Indian MRO market is expected to grow three times from $1.7 billion to $5.0 billion by the year 2030 providing immense incentive for the deal to work through.

Basically: Adani Defence & Aerospace- India’s leading hi-tech defence manufacturer arm-

to acquire Indian legacy MRO business Air works for Rs 400 crore which is the oldest MRO

in India with a presence well across 27 cities.


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