Air Works will be acquired

Now Adani Group has taken a big step in the rapidly growing aviation sector in India.
The group has already taken over the operations of several airports in the country and has now announced the acquisition of Air Works, an aircraft maintenance, repair and operations (MRO) company in the region.
Adani Group will spend ₹400 crore for this acquisition.

Adani Group’s statement

Adani Defense Systems and Technologies Limited (ADSTL) issued a statement on this acquisition:

• 85.8% share:
  • The company has signed a share purchase agreement to acquire 85.8% stake in Air Works.
• Company Presence:
  • Air Works’ network is spread across 35 cities.
  • It has more than 1,300 employees.
• Expertise:
  • The company specializes in servicing fixed-wing and rotary-wing aircraft.
• Establishment:
  • Air Works was established in 1951 by the Menon family.

Air Works: Customers and Services

Air Works provides services to many leading and international companies in the country:

• Customer:
  • Indigo, Go Air, Vistara, and dozens of other domestic and foreign airlines.
• Defense Sector:
  • The company also provides services to the 737 VVIP fleet of the Indian Air Force.
• Operation:
  • Air Works’ MRO operations are spread across many parts of the country.

Challenges and competition

Air Works has faced a number of challenges in recent times:

• Major Competitors:
  • Companies such as GMR Aero Technic and AI Engineering Services Limited are major rivals.
• Ownership stake:
  • By 2021:
    • GTI Capital Group: 25.75%.
    • Punj Lloyd Aviation: 23.24%.
    • Menon family: 15%.

Adani Group and aviation sector

Adani Group is already operating 7 major airports in the country.

• The acquisition of Air Works is part of the group’s strategy to make deeper inroads into the aviation industry.
• Foray into MRO sector will help Adani Group achieve new heights in civil and defense aviation.

importance of acquisition

The acquisition of Air Works is an important step for Adani Group, which will further strengthen its position in India’s fast-growing aviation sector.

• The investment of ₹400 crore will not only enhance the Group’s MRO capabilities but also give it an edge over competitors.
• With this, Adani Group is ready to play an important role in the aviation and defense sector of the country.

Air Works specializes in servicing fixed-wing and rotary-wing aircraft.