Adani Group to acquire Air Works
By MYBRANDBOOK
As part of its growing defence portfolio, the Adani Group is set to acquire Air Works, one of India’s biggest and highly diversified aircraft Maintenance, Repair and Overhaul (MRO) companies with the largest pan-India presence across 27 cities.
The Adani Defence Systems and Technologies Ltd have signed definitive agreements to acquire Air Works at a cost of Rs 400 crore. Air Works serves IndiGo, GoAir and Vistara, in addition to over a dozen foreign airlines including Lufthansa, Turkish Airlines, FlyDubai, Etihad, and Virgin Atlantic.
Ashish Rajvanshi, CEO of Adani Defence & Aerospace said that the MRO sector has a crucial role to play in both the defence and civilian aerospace sector. He said, “Given India’s growth trajectory and the Government's focus to network the nation through a massive mesh of air connectivity, it is inevitable that the primary growth of India's airline and airport sector lies ahead of it.”
Air Works has been a partner to global aviation OEMs, aircraft owners and operators, lessors, airlines and the Indian defence services. It offers MRO services, heavy checks, line maintenance, cabin and interior refurbishment, exterior finishing and painting, avionics upgrades, retrofits, maintenance training, and redelivery checks.
D Anand Bhaskar, MD & CEO, Air Works Group said that India has the potential to become the Air Works hub for the nation. He said, “The government’s policy measures and initiatives including convergence of civil and defence MRO would create economies of scale and huge employment opportunities.”
BREAKING NEWS
TECHNO TRENDS
Microsoft to build a new data centre to support Thailand's tec
Microsoft has revealed intentions to construct a regional data centre as w...
SAP launches cloud services to help Indian scaleups innovate m
SAP at SAP unveils now "GROW with SAP for Scaleups," a new cloud service d...
Denodo and Sonata form alliance to unlock data-to-value creati
Denodo and Sonata Information Technology India Limited (SITL) have annou...
Google Play Store will now let users download two apps simulta
Google Play Store now lets users download two apps simultaneously. While a...
E-Magazine
TECHNOTAINMENT
ED attaches Raj Kundra, Shilpa Shetty’s Rs 97 crore worth as
The Enforcement Directorate (ED) has seized businessman Raj Kundra's pro
Salman Khan trolled for singing with B Praak at Anant Ambani's
To celebrate Mukesh Ambani's youngest son Anant Ambani’s 29th birthday
MOVERS & SHAKERS
DigiCert names Atri Chatterjee as CMO
DigiCert has announced the appointment of Atri Chatterjee as Chief Market
Amagi names its Chief Product Officer
Amagi announced the appointment of Richard Perkett as its Chief Product Of
OPEN YOUR EYES
INTERVIEWS
ETEK building a cybersecurity aware community
ETEK is a Global Managed Security Services expert with 30 years of experien
HPE Aruba Networking bridging the physical and digital worlds
The information technology industry is a critical component of the 21st cen
HOT PICK
COLORFUL rolls out an array of gaming laptops
COLORFUL launched its incredible series of COLORFUL EVOL P15 gaming laptop
Dell Technologies launches new AI-powered commercial PC portfo
Dell Technologies has launched the broadest portfolio of commercial AI lap
MAKE IN INDIA BRANDS
HP INDIA SALES PVT. LTD.
RAMCO SYSTEMS Ltd.
RELIANCE JIO INFOCOMM LTD.
FINOLEX INDUSTRIES LTD.
EMINENT CIO'S OF INDIA
ICONS OF INDIA
Technology Icons Of India 2023: Sunil Bharti Mittal
Sunil Bharti Mittal is the Founder and Chairman of Bharti Enterprises,...
Technology Icons Of India 2023: Vijay Shekhar Sharma
Vijay Shekhar Sharma is an Indian technology entrepreneur and billiona...
Technology Icons Of India 2023: Dilip Asbe
Dilip Asbe is the MD & CEO of National Payments Corporation of India (...
PARTNER SPEAKERS
PSU
BSE provides highly secure, efficient and transparent market for trading
BSE (formerly known as Bombay Stock Exchange Ltd.) is Asia's first & t...
GSTN aims to integrate indirect tax ecosystem on a shared IT infrastructure
Goods and Services Tax Network (GSTN) has built Indirect Taxation plat...
HPCL is transforming the energy landscape, across the nation and beyond
HPCL is world-class energy company known for caring and delighting the...
VIDEOS
Top 25 Brands
Value-Added Distribution
RAH INFOTECH
RAH Infotech is India’s fastest growing technology value added dist...
M. TECH SOLUTIONS (I) PVT. LTD.
M.Tech is a leading cyber security and network performance solutions ...
INTEGRA MICRO SYSTEMS PVT. LTD.
Integra is a leading provider of innovative hi-technology products an...
ITFORUM 2024
WIITF 2024
CMO of the Year
WOMEN LEADERSHIP
EMINENT CIO's OF INDIA
TRENDS IN TECHNOLOGY
MORE VIDEOS
ADVERTISEMENTS
TECHNOLOGY DISRUPTION
UNICORNS REVOLUTIONISING
