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Air Works addition to Adani Group portfolio will mark next phase in India’s aviation industry growth, says company CEO
The head of India’s largest independent maintenance, repair and overhaul (MRO) company as well as a major aviation services provider Air Works has said that their acquisition by Adani Group has come at a time when the country’s aviation sector is preparing to enter the next phase of growth. Breaking his silence nearly three weeks after the deal was confirmed, the usually reticent Air Works managing director & CEO, D Anand Bhaskar told Business Today in an exclusive interview, “Till now, attracting big money into the aviation sector, and more so into the MRO space, was not happening. “Defence would be one big thing, where there is a lot of focus from the government to open it up. It is typically a long-cycle business and requires a lot more capital. “When it comes to [aircraft] engines, it is not just about the main engines. The company is currently undertaking heavy maintenance checks on three P-8I long-range maritime patrol and anti-submarine warfare aircraft operated by the Indian Navy in association with Boeing. Source: BusinessToday
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