Adani Group boosts aviation portfolio with ₹400 crore acquisition of Air Works

The Adani Group announced on Monday its acquisition of Air Works, India’s largest private aviation maintenance, repair, and overhaul (MRO) services firm, for an enterprise value of ₹400 crore. The deal, executed through Adani Defence Systems & Technologies Ltd (ADSTL), includes an 85.8% shareholding in the company.

Air Works, with operations in 35 cities and a workforce of over 1,300 professionals, brings expertise in servicing both fixed-wing and rotary-wing aircraft. The acquisition enhances Adani's capabilities in both civil and defense aviation MRO, marking a critical step in the group’s expansion into integrated aviation services.

Air Works provides comprehensive aviation services, including line maintenance, heavy checks, avionics, aircraft painting, interior refurbishment, and redelivery checks for both Indian and global clients. It conducts base maintenance for narrowbody, turboprop, and rotary aircraft from its facilities in Hosur, Mumbai, and Kochi. The company also holds regulatory approvals from aviation authorities in over 20 countries, further solidifying its position as a leader in the sector.

Adani Airports Director Jeet Adani emphasized the transformative growth in India’s aviation industry, now the third-largest globally, with plans to induct over 1,500 aircraft in the coming years.