Adani Group took steps in aviation sector
New Delhi| Adani Group announced the acquisition of Air Works, India’s largest private aviation maintenance, repair and overhaul (MRO) services firm. The acquisition was made at a value of ₹400 crore rupees. The deal, executed through Adani Defense Systems and Technologies Limited (ADSTL), has acquired an 85.8% share stake in the company.
The Air Works, with operations in 35 cities and a workforce of over 1,300 professionals, has expertise in servicing fixed-wing and rotary-wing aircraft. The acquisition will expand Adani Group’s capacity in the civil and defense aviation sectors. Air Works provides comprehensive aviation services including line maintenance, heavy checking, avionics, aircraft painting, interior renovation and re-delivery checking for both Indian and global customers.
The deal is not classified as a related party transaction and the terms attached are under Securities and Exchange Board of India (SEBI) rules. The acquisition also strengthens Adani Group’s commitment to the Make in India initiative, which focuses on building indigenous capabilities in high-value sectors such as aerospace and defense. The company has given details of the transactions to the stock exchanges on December 23, 2024, ensuring compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations. Adani Airports Director Jeet Adani described the acquisition as transformative for India’s aviation industry.
