The Adani Group is looking to invest in India’s largest independent aircraft maintenance, repair and overhaul (MRO) organisation, Indian Express reported.
In addition to over a dozen foreign airlines including Lufthansa, Turkish Airlines, FlyDubai, Etihad, and Virgin Atlantic, Air Works services IndiGo, GoAir and Vistara. It also counts the Indian Navy among its customers.
Having pan-India presence across 19 international airports, Air Works Group is the largest provider of transit or line maintenance services to foreign passenger and cargo carriers operating in the country.
Line maintenance work includes changing tyres, checking aircraft lights for their functioning, topping up engine oil, charging hydraulic accumulators, among others.
Air Works holds certifications from aviation authorities of over 25 countries to maintain both narrow and wide-body aircraft at leading airports, as per the release.
On Friday, the Adani Group had announced acquiring 50 per cent equity stake in agricultural drone start-up General Aeronautics for an undisclosed amount.
The Bengaluru-based General Aeronautics specialises in developing robotic drones to offer tech-enabled crop protection services, crop health monitoring, precision farming and yield monitoring services using artificial intelligence and data analytics.
Industrialist Gautam Adani has been named among the 100 Most Influential People of 2022 by TIME magazine. His profile in the TIME says that “Adani’s once regional business now spans airports, private ports, solar and thermal power, and consumer goods. Adani Group is now a national behemoth in the world’s sixth largest economy, though Adani stays out of the public eye, quietly building his empire.”