Adani to spend on India鈥檚 largest aircraft upkeep, restore firm
30 May 2022
2 Min Read
CW Team
The Adani Group, which manages seven airports within the country, is trying to spend money on India鈥檚 largest impartial plane upkeep, restore and overhaul (MRO) organisation in a bid to boost its civil aviation portfolio.
The group is exploring a settlement with shareholders of Mumbai-based Air Works Group to get a stake within the 71-year-old aviation agency.
Air Works providers GoAir, IndiGo, and Vistara, along with over a dozen overseas airways together with Lufthansa, FlyDubai, Etihad, Turkish Airways, and Virgin Atlantic. It also counts the Indian Navy amongst its clients and, earlier this month, collaborated with Boeing for heavy upkeep reviews on three Indian Navy P-8I long-range maritime patrol planes.
The Adani Group has started its due diligence into Air Works Group, a supply mentioned including that discussions have been at an early stage.
Air Works Group competes with 50 standalone Indian MRO gamers jointly with Authorities-run AI Engineering Providers Ltd and GMR Aero Technic.
Adani Group manages the nation鈥檚 second-largest airport in Mumbai, along with airports in Lucknow, Thiruvananthapuram, Jaipur, Ahmedabad, Guwahati, and Mangaluru. The corporation also gives MRO providers at its airports in collaboration with Mumbai-based Indamer Aviation Pvt Ltd.
The proposed take care of Air Works is according to the Adani Group鈥檚 plan to leverage options arising from the rising Indian civil aviation demand and the rising desire for MRO providers.
Adani has been keen on supplementing its airport's portfolio with MRO for a while currently. They have a partnership with Indamer Aviation however that hasn鈥檛 taken off. They鈥檝e even made some appointments in the last 12 months to decide on the corporate鈥檚 broader MRO technique.
Also read: Adani Group & Andhra Govt signs Mou for Rs 60,000 cr investment
The Adani Group, which manages seven airports within the country, is trying to spend money on India鈥檚 largest impartial plane upkeep, restore and overhaul (MRO) organisation in a bid to boost its civil aviation portfolio.
The group is exploring a settlement with shareholders of Mumbai-based Air Works Group to get a stake within the 71-year-old aviation agency.
Air Works providers GoAir, IndiGo, and Vistara, along with over a dozen overseas airways together with Lufthansa, FlyDubai, Etihad, Turkish Airways, and Virgin Atlantic. It also counts the Indian Navy amongst its clients and, earlier this month, collaborated with Boeing for heavy upkeep reviews on three Indian Navy P-8I long-range maritime patrol planes.
The Adani Group has started its due diligence into Air Works Group, a supply mentioned including that discussions have been at an early stage.
Air Works Group competes with 50 standalone Indian MRO gamers jointly with Authorities-run AI Engineering Providers Ltd and GMR Aero Technic.
Adani Group manages the nation鈥檚 second-largest airport in Mumbai, along with airports in Lucknow, Thiruvananthapuram, Jaipur, Ahmedabad, Guwahati, and Mangaluru. The corporation also gives MRO providers at its airports in collaboration with Mumbai-based Indamer Aviation Pvt Ltd.
The proposed take care of Air Works is according to the Adani Group鈥檚 plan to leverage options arising from the rising Indian civil aviation demand and the rising desire for MRO providers.
Adani has been keen on supplementing its airport's portfolio with MRO for a while currently. They have a partnership with Indamer Aviation however that hasn鈥檛 taken off. They鈥檝e even made some appointments in the last 12 months to decide on the corporate鈥檚 broader MRO technique.
Image Source
Also read: Adani Group & Andhra Govt signs Mou for Rs 60,000 cr investment
Next Story
3i Infotech Reports Rs 7.25 Bn Revenue for FY25
3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..
Next Story
Emerald Finance Joins Baya PTE to Boost SME Bill Discounting
Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..
Next Story
BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25
BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, 鈥淲e are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..
