Latest news with #AdaniDefenceSystemsandTechnologiesLimited
New Indian Express
3 days ago
- Business
- New Indian Express
Adani Defence, Prime Aero acquire MRO firm Indamer Technics
Adani Defence Systems and Technologies Limited (ADSTL), through its venture Horizon Aero Solutions Limited, in partnership with Prime Aero Services LLP, has signed a definitive agreement to acquire a 100% stake in private-sector Maintenance, Repair, and Operations (MRO) service provider Indamer Technics Private Limited (ITPL). The financial details of the transaction have not been provided by the company. Horizon is a 50-50 partnership between ADSTL and Prime Aero, a company owned by Prajay Patel, the director of Indamer Technics. Located at Nagpur in the MIHAN special economic zone (SEZ), ITPL has set up a greenfield facility on the 30-acre site. The facility has the capacity to accommodate 15 aircraft bays across 10 hangars. ITPL is approved by DGCA, FAA (USA) and other global civil aviation regulators. The company offers a comprehensive suite of MRO services, including Lease Return Checks, Heavy C-Checks, Structural Repairs, and Aircraft Painting to leading Indian and global customers. 'The Indian aviation industry has witnessed an unprecedented transformation, becoming the 3rd largest in terms of passenger traffic. With the Indian carriers set to induct more than 1500 aircraft in the coming years, we are on the cusp of a new era in aviation' said Jeet Adani, Director, Adani Airports.
Indian Express
3 days ago
- Business
- Indian Express
Adani acquires aircraft MRO unit in Nagpur
Adani Defence Systems and Technologies Limited (ADSTL), through its venture Horizon Aero Solutions Limited, has signed a definitive agreement to acquire a 100 per cent stake in Indamer Technics Private Limited (ITPL), a private-sector aircraft MRO (maintenance, repair and overhaul) provider, in partnership with Prime Aero Services LLP. Horizon is a 50-50 partnership between ADSTL and Prime Aero, a company owned by Prajay Patel, Director of Indamer Technics. Strategically located at Nagpur in the MIHAN special economic zone (SEZ), ITPL has set up a state-of-the-art greenfield facility on the 30-acre site. The facility has the capacity to accommodate 15 aircraft bays across 10 hangars. ITPL is approved by DGCA, FAA (USA) and other global civil aviation regulators. 'The company offers a comprehensive suite of MRO services, including lease return checks, heavy C-checks, structural repairs, and aircraft Painting to leading Indian and global customers,' it said. 'The Indian aviation industry has witnessed an unprecedented transformation, becoming the third largest in terms of passenger traffic. With the Indian carriers set to induct more than 1500 aircraft in the coming years, we are on the cusp of a new era in aviation' said Mr. Jeet Adani, Director, Adani Airports. Adani said this acquisition is the next step in its push to establish India as a premier global MRO destination. 'Our goal is to create a single-point aviation services platform that is driven by world-class quality standards and customer satisfaction,' he said.
