Adani Defence to acquire Air Works for Rs 400 Crores
Adani Defence and Aerospace has inked a definitive agreement to acquire Air Works, the aircraft Maintenance, Repair and Overhaul (MRO) organization, for an enterprise value of Rs 400 Crores. Air works is the oldest MRO in India with a presence across 27 cities, 6 maintenance bays, and 900+ maintenance experts. From the first P-8I aircraft…