Air Works
Adani Defence acquires 86% shareholding in MRO firm Air Works at Rs 400 cr
Air Works, which has a workforce of more than 1,300 personnel, handles MRO work for commercial as well as defence aircraft
 "Adani Defence acquires 86% shareholding in MRO firm Air Works at Rs 400 cr")
Adani to acquire 85.8% stake in Air Works for Rs 400 cr enterprise value
Adani Group on Monday said it will acquire aviation maintenance, repair and overhaul (MRO) services firm Air Works for an enterprise value of Rs 400 crore. "Adani Defence Systems & Technologies Ltd (ADSTL) has signed a share purchase agreement to acquire 85.8 per cent shareholding in Air Works, India's largest private sector MRO company with the largest pan-India footprint," the conglomerate said in a statement. With operations spanning 35 cities and a workforce of over 1,300 personnel, Air Works brings extensive expertise in servicing both fixed-wing and rotary-wing aircraft.
 "Adani to acquire 85.8% stake in Air Works for Rs 400 cr enterprise value")
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
 "Adani Group buys Air Works, forays into aircraft maintenance business")
Boeing and Air Works collaborate on Indian Navy's P-8I fleet
Established in 1951, Air Works Group is India's biggest independent MRO with a pan-Indian presence across 27 cities
 "Boeing and Air Works collaborate on Indian Navy's P-8I fleet")
Boeing, Air Works undertake maintenance checks on three P-8I aircraft
Boeing India and Air Works will commemorate their collaboration at the Boeing India Aatmanirbharta in Defence Conference which is being organized in New Delhi on Tuesday, May 10, 2022
 "Boeing, Air Works undertake maintenance checks on three P-8I aircraft")
Buoyed by govt sops, Air Works seeks investors as it looks to expand biz
The company has recently opened a new facility at Cochin and is looking for business from foreign airlines
Boeing enters strategic collaboration with leading aviation firm Air Works
Aerospace major Boeing on Thursday said it has entered into a strategic collaboration with Air Works Group for the maintenance, repair and overhaul of its Poseidon 8I maritime reconnaissance aircraft
 "Boeing enters strategic collaboration with leading aviation firm Air Works")
Air Works bets high on growth in Indian aviation
Will look to double revenue in five years, aim for a public listing in 2020
 "Air Works bets high on growth in Indian aviation")
