Adani Group will acquire aviation maintenance, repair and overhaul (MRO) services firm Air Works India, the company said in a stock filing on December 23, 2024. The group signed a binding agreement for an 85.8% stake for INR400 crore ($47 million).
Air Works undertakes base maintenance for narrowbody and turboprop aircraft, as well as rotary aircraft from its facilities at Hosur, Mumbai, and Kochi. The MRO company has regulatory approvals from civil aviation authorities of more than 20 countries.
“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,” said Adani Airport director Jeet Adani.
Adani Defence & Aerospace CEO Ashish Rajvanshi added: “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.”
Air Works' operations span 35 cities and has a workforce of over 1,300 staff.