Adani Defence to acquire MRO firm Air Works
Business Standard|December 24, 2024
Deal comes at a valuation of ₹400 crore
DEEPAK PATEL
Adani Defence to acquire MRO firm Air Works

Adani Defence Systems and Technologies (ADSTL) has signed an agreement to acquire 85.8 per cent stake in Air Works, India's largest private sector aircraft maintenance, repair and overhaul (MRO) company, at a valuation of ₹400 crore.

"Air Works undertakes base maintenance for narrow-body and turbo-prop aircraft, as well as rotary aircraft from its facilities at Hosur, Mumbai and Kochi," a statement by ADSTL said.

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