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Adani acquires 86% stake in MRO firm Air Works
Top News
2 weeks, 4 days ago

Adani acquires 86% stake in MRO firm Air Works

Hindustan Times  

MUMBAI: The Adani group’s defence arm, Adani Defence Systems & Technologies Ltd, has signed an agreement to acquire an 85.8% stake in Air Works, India’s largest private-sector Maintenance, Repair and Overhaul company. Air Works, founded in Mumbai in April 1951 but now headquartered in Delhi, offers aviation services such as spanning line maintenance, heavy checks, interior refurbishment, painting, redelivery checks, …

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Adani Group to acquire aircraft maintenance company Air Works for ₹400 crore
2 weeks, 5 days ago

Adani Group to acquire aircraft maintenance company Air Works for ₹400 crore

Hindustan Times  

Adani Group on Monday said it will acquire aviation maintenance, repair and overhaul services firm Air Works for an enterprise value of ₹400 crore. The logo of the Adani Group is seen on the facade of its Corporate House on the outskirts of Ahmedabad, India, November 21, 2024 "Adani Defence Systems & Technologies Ltd has signed a share purchase agreement …

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Adani Group acquires Air Works to boost defence business
2 weeks, 5 days ago

Adani Group acquires Air Works to boost defence business

Live Mint  

MUMBAI: Ahmedabad-headquartered Adani Group's defence arm Adani Defence and Aerospace on Monday entered into an agreement to acquire an 85.8% stake in Air Works, India's largest privately-held aircraft maintenance, repair, and overhaul company. The acquisition, with an enterprise value of ₹400 crore, will enable Adani Group to offer a range of of aviation services spanning line maintenance, heavy checks, interior …

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Adani group to acquire 85.8 per cent stake in Air Works for enterprise value of Rs 400 crore
2 weeks, 5 days ago

Adani group to acquire 85.8 per cent stake in Air Works for enterprise value of Rs 400 crore

India TV News  

Adani Defence Systems and Technologies Limited, a wholly owned subsidiary of Adani Enterprises, on Monday, said that it will acquire an 85.8 per cent stake in Air Works, India’s largest private-sector maintenance, repair, and overhaul company, for an enterprise value of Rs 400 crore. "Adani Defence Systems & Technologies Ltd has signed a share purchase agreement to acquire 85.8 per …

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Adani Defence acquires 85.8% stake in Air Works at Rs 400 crore enterprise value
2 weeks, 5 days ago

Adani Defence acquires 85.8% stake in Air Works at Rs 400 crore enterprise value

New Indian Express  

Adani Defence Systems & Technologies Ltd is acquiring 85.8% shareholding in Air Works, India’s largest private sector MRO company with the largest pan-India footprint, said the Adani Group in a statement on Monday. ADSTL will acquire the Air Works stake at an Enterprise Value of Rs 400 crore. Air Works offers an end-to-end bouquet of aviation services spanning line maintenance, …

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Indian Air Force 91st anniversary: 'Atamnirbharta' in aerospace critical to nation's strategic autonomy
1 year, 3 months ago

Indian Air Force 91st anniversary: 'Atamnirbharta' in aerospace critical to nation's strategic autonomy

Firstpost  

It is best to take a collaborative approach and use economic muscle and high military system requirements to seek the transfer of technology Indian Air Force kicked off the 91st anniversary deliberations with a massive event showcasing hard combat power and its massive soft power at Bhopal, Madhya Pradesh. India’s huge aerospace requirements Indian Armed Forces require many fighter aircraft, …

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Adani Defence & Aerospace to acquire Air Works for Rs 400 crore
2 years, 2 months ago

Adani Defence & Aerospace to acquire Air Works for Rs 400 crore

India TV News  

Adani Defence Systems & Technologies Ltd. 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. 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 …

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