Adani Defence Systems & Technologies to acquire Air Works

For an enterprise value of Rs 400 crore

Adani Defence Systems & Technologies (ADSTL) has signed definitive agreements to acquire Air Works, India's biggest and highly diversified independent MRO with the largest pan-India network presence across 27 cities.

Air Works has developed extensive operational capabilities within the country for key defence and aerospace platforms. From the first P-8I aircraft Phase 32 checks to Phase 48 checks and MRO on the landing gear of the Indian Air Force's 737 VVIP aircraft, Air Works undertakes base maintenance for ATR 42/72, A320 and B737 fleet of aircraft from its EASA and DGCA-certified facilities at Mumbai, Delhi, Hosur and Kochi.

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