Adani to buy plane maintenance co Air Works for Rs 400 crore – Times of India

Adani to buy plane maintenance co Air Works for Rs 400 crore – Times of India


NEW DELHI: The Adani Group, that operates airports in seven cities, including Mumbai and is building a greenfield one at Navi Mumbai, is expanding its presence in the aviation space. It is acquiring India’s biggest private sector MRO (maintenance, repair & overhaul) player Air Works for an enterprise value of Rs 400 crore. Adani Defence Systems & Technologies has signed an agreement to buy 85.8% stake in Air Works, which does line maintenance, heavy checks, among others for its Indian and global customers.





Source link

Contents hide

Author

  • Bhavesh Mathur

    I am Bhavesh Mathur; a content writer and web designer, very strong on the delivery of impactful and insightful content. My major work involves writing articles on a wide variety of business and news-related topics, with the prime focus being on making hard-to-understand information approachable and interesting for readers. As the founder of News Eager, I will post news daily in many fields such as politics, business, sports, entertainment, and lifestyle. I will provide a platform where people can easily stay updated with what is happening in different parts of the world. In addition to my writing, I bring web design skills to each project, ensuring that my platforms are not only content-rich but also visually appealing and user-friendly. I aim to bring value and build trust with my audience through my work on News Eager.

    View all posts

Leave a Reply

Your email address will not be published. Required fields are marked *

Document
WhatsApp Group Join Now
Telegram Group Join Now