Adani Defence to acquire majority stake in Air Works

Adani Defence Systems & Technologies (ADSTL) has signed a share purchase agreement to acquire 85.8 percent shareholding in Air Works, India’s largest private sector MRO company with the largest pan-India footprint.

 "Air Works offers an end-to-end bouquet of aviation services spanning line maintenance, heavy checks, interior refurbishment, painting, redelivery checks, avionics as well as asset management services to its Indian and global customers," says an official release from Adani Defence. "The company undertakes base maintenance for narrow-body and turboprop aircraft as well as rotary aircraft from its facilities at Hosur, Mumbai and Kochi, and with regulatory approvals from civil aviation authorities of more than 20 countries."

Air Works has built significant capabilities in defence MRO, executing projects for key platforms of the Indian Navy and Indian Air Force, the release added.

“The Indian aviation industry stands at a transformative juncture, now the third largest globally and on track to induct over 1,500 aircrafts in the coming years,” says Jeet Adani, Director, Adani Airports. “This growth aligns seamlessly with the Government’s vision to connect every corner of our nation, creating unprecedented opportunities in aviation services. For us, creating a presence in the MRO sector is more than just a strategic step - it’s a commitment to building an integrated aviation services ecosystem that strengthens the backbone of India’s aviation infrastructure. Together, we are excited to play a pivotal role in shaping the future of India’s skies.”

Ashish Rajvanshi, CEO, Adani Defence & Aerospace adds: “Our vision is to deliver a full-spectrum MRO offering - spanning line, base, component and engine maintenance - to meet the needs of both commercial and defence aviation sectors. In a time when Aatmanirbharta in defence is a national imperative, we stand fully committed to scaling domestic capabilities to serve both our armed forces and the broader aviation sector. This is our pledge to the nation - to build capabilities that secure our skies and strengthen our sovereignty."