The Adani Group has made a non-binding offer of 462 crore to purchase Air Works, one of India’s oldest maintenance and repair companies for aircraft.
Adani airports
The Adani Group, which handles seven airports in the country, is looking to invest in Mumbai-based Air Works Group, a 71-year-old firm that is India’s biggest independent aircraft maintenance, repair, and overhaul (MRO) organization.
Navi Mumbai International Airport Ltd achieved a ‘major milestone’ two months ago, giving authorities the confidence to complete the much-delayed project by December 2024.