Adani Group buys Air Works, forays into aircraft maintenance business

The MRO firm, which has six investors, received its first external funding from GTI Group and Punj Lloyd in 2007

Air Works
Premium

Earlier this year, Air Works partnered with UAE-based Mach Technik to offer line maintenance services to airlines in Dubai

Aneesh Phadnis Mumbai
Adani Group has acquired Air Works — India’s second oldest maintenance repair and overhaul unit — for an enterprise valuation of Rs 400 crore. 

The group controls seven airports and the latest acquisition will give it maintenance capabilities in all three aircraft maintenance verticals — airline, business jets, and defence. 

Set up in 1951 by two friends P S Menon and B G Menon, Air Works has presence in 27 cities, including hangars in Mumbai, Hosur, and Kochi. Indamer Aviation, the oldest private MRO in the country, was set up in 1947.

The MRO firm, which has six investors, received

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Oct 18 2022 | 8:08 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com