Air Works

What Air Works does

Air Works is India's largest independent Maintenance, Repair, and Overhaul (MRO) company, founded in 1951 and headquartered in Gurgaon, with a pan-India network across 27 cities and operations at 19 international airports. The company provides a comprehensive aviation services portfolio including base maintenance, line maintenance, integrated maintenance, livery and painting, avionics, components and spares, CAMO, asset management, calibration, and CAR 147-approved maintenance training. It is certified by EASA, DGCA, and 20+ civil aviation authorities globally, and is authorized to maintain more than 50 aircraft types — the broadest such authorization in India. Customers span commercial airlines (IndiGo and other domestic carriers, plus 30+ international carriers flying into India), business and executive aviation, VIP and Indian Defense Services (including Authorized Service Centre status for Bell and Leonardo helicopters, and Boeing partnership for Indian Navy P-8I MRO), and aircraft lessors/asset owners.

The company's service delivery is supported by a stack of proprietary in-house software: AWDi® (an ERP integrating Engineering, Planning, Quality, and Stores), AWtomateS® (supply chain automation), AWCIM® (a web-based customer information and approvals portal), and mSights (a business analytics platform built on AWDi® that won the IDC Industry Innovation Award 2021 in the Data Intelligence category). Group companies include Acumen Aviation (wholly-owned component repairs and asset management) and SA Air Works (a joint venture with Scandinavian Avionics that became India's first Avionics Design Organization). The company is privately held; Adani Defence & Technologies acquired an 85.8% controlling stake in December 2024 for ₹400 crore (~$47M) and an additional 14.2% in March 2026, taking effective ownership to nearly 100% and embedding Air Works within Adani Group's broader aerospace services platform (MRO, pilot training, and engine maintenance).

Revenue is generated through quote-based, B2B professional services contracts with enterprise customers, supplemented by hardware sales in components/spares. Go-to-market is direct enterprise sales via a Chief Sales Officer, dedicated Accountable Managers for Airline & Defence MRO, regional General Managers (including one covering the Middle East and Africa), a customer portal, a vendor portal, and an online slot-booking system for painting services. Pricing is not publicly disclosed. The mix of long-tenured conglomerate customers (Aditya Birla Group 40 years, Raymond Group decades), defense mandates, and a broad base of international carriers points to a diversified but enterprise-anchored revenue model.

Name

Air Works

Legal name

Air Works India (Engineering) Private Limited

Website

https://airworks.aero

Company type

Private

Founded year

1951

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Air Works is India's largest independent aircraft MRO provider, offering base and line maintenance, avionics, painting, components, CAMO, and asset management across 27 cities and 19 international airports. It serves commercial airlines, business aviation, defense, and lessors through EASA- and DGCA-certified facilities.

Ownership category

akta.pro rank

Product category

Aviation MRO Services

NAICS

Support Activities for Air Transportation (4881), Aerospace Product and Parts Manufacturing (33641), Electronic and Precision Equipment Repair and Maintenance (81121)

SIC

Aircraft & Parts (3720)

akta.pro primary industry

Commercial Airframe MRO (Heavy Checks & Structural) (IMABALAA)

akta.pro secondary industries

Airframe Maintenance & Structural Repair (Line/Base) (TLAKAJAA), Component MRO (Avionics, Hydraulics, Pneumatics, Electrical) (TLAKAJAC), Military Aircraft MRO & Depot Maintenance (IMABALAN), Private Aviation Maintenance, Repair & Overhaul (MRO) (THABAFAI), Maintenance Planning, CAMO & Technical Records/Continuing Airworthiness (TLAKAJAJ)

Keywords

• Aircraft MRO services
• Aviation maintenance
• Line maintenance services
• Aircraft painting livery
• Avionics repair overhaul

Headquarters

HQ city

Gurugram

HQ country

India

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Supply Chain, Marketing or Sales

Revenue model

1. MRO Services Revenue: Core revenue from aircraft maintenance, repair and overhaul services including base maintenance, line maintenance, integrated maintenance, AOG support, and heavy checks for commercial and business aircraft.
2. Aviation Painting & Livery Services: Revenue from aircraft painting and repainting services with slot booking system. Services include sand-n-paint, touch up, and strip-n-paint using base coat-clear coat or top coat systems.
3. Avionics Services: Revenue from avionics upgrades, integrations and retrofits. SA Air Works became India's first Avionics Design Organization (DOA) with capability to design DGCA-certified STCs and repair schemes.
4. Component & Spares Services: Revenue from aircraft component repairs, spare parts supply and management services.
5. CAMO Services: Continuing Airworthiness Management Organization services for aircraft operators.
6. Asset Management Services: Commercial aircraft asset management services including end-of-lease and redelivery checks.
7. Maintenance Training: CAR 147 approved maintenance training services.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

Air Works provides aircraft Maintenance, Repair and Overhaul (MRO) services for commercial, business, and defense aircraft across India and South Asia. Its service portfolio covers base maintenance, line maintenance, integrated maintenance, livery and painting, avionics, CAMO, components and spares, asset management, calibration, and CAR 147 maintenance training, delivered through EASA/DGCA-certified facilities and supported by proprietary in-house digital platforms.

Product overview

Air Works is India's largest independent MRO (Maintenance, Repair, and Overhaul) company offering a diversified portfolio of aviation services. The company operates as a unified service platform combining base maintenance, line maintenance, integrated maintenance, livery and painting, avionics, CAMO, components and spares, asset management, calibration, and maintenance training services. The portfolio is supported by proprietary technology solutions including AWDi® (ERP suite), AWtomateS® (supply chain automation), AWCIM® (customer information management), and mSights (business analytics). Group companies Acumen Aviation (component repairs and asset management) and SA Air Works (avionics and design organization) provide specialized capabilities. Air Works serves commercial airlines, business aviation operators, VIP/defense customers, and lessors across 27 locations in India.

Differentiator

Problem solved

Functional benefit

Products and services

• Base Maintenance Heavy maintenance checks and comprehensive aircraft inspections performed at fixed, EASA/DGCA-certified facilities for ATR 42/72, A320, B737 family aircraft and medium/large business jets, supporting commercial and business aviation customers.
• Line Maintenance Transit and daily aircraft maintenance services provided at airports. Air Works is the largest provider of line maintenance services to foreign carriers operating into India and has expanded coverage to Kathmandu, Nepal.
• Integrated Maintenance Comprehensive maintenance solutions combining base and line maintenance capabilities for streamlined aircraft servicing across commercial and business aviation fleets.
• Livery and Painting Aircraft exterior finishing and painting services including livery design, repainting, and cosmetic maintenance (sand-n-paint, touch up, strip-n-paint) with base coat-clear coat or top coat systems; slot booking is available online.
• Avionics Avionics upgrades, integrations, retrofits, and repair services. Delivered via SA Air Works (JV with Scandinavian Avionics), India's first Avionics Design Organization (DOA) capable of designing DGCA-certified STCs and repair schemes.
• CAMO (Continuing Airworthiness Management Organisation) Continuing airworthiness management services ensuring aircraft remain compliant with regulatory requirements, delivered to aircraft operators.
• Components and Spares Aircraft component repair, overhaul, and spare parts supply services for commercial and business aviation operators.
• Asset Management Commercial aircraft asset management services including lease management, end-of-lease and redelivery checks, and full asset lifecycle management for lessors and asset owners.
• Calibration Services Calibration services for aviation equipment and instruments, supporting maintenance and airworthiness requirements.
• Maintenance Training Aircraft maintenance training services delivered under CAR 147 approval, providing qualified personnel for the aviation industry.
• AOG (Aircraft on Ground) Support 24/7 emergency support services for aircraft on ground situations, with dedicated hotlines for business aviation ([email protected]) and commercial aviation ([email protected]) customers.
• Other Services (Modifications, Assembly, ASC) Additional aviation maintenance services including modification and assembly of rotary-wing aircraft, plus Authorized Service Centre (ASC) capabilities for Bell and Leonardo helicopters and indigenous MRO support for the Indian Navy's P-8I fleet (with Boeing).
• International Line Maintenance at Kathmandu International line maintenance services at Tribhuvan International Airport in Kathmandu, Nepal, provided through a partnership with Siris Aircraft MRO (SAMRO), extending Air Works' airline type approvals to South Asia and securing a leading Middle Eastern airline as its first customer.
• mSights Business Analytics Tool Proprietary in-house business analytics tool providing a 360-degree view of maintenance operations with customizable dashboards for productivity, turnaround time, and cost optimization reporting, built on Air Works' Titan ERP platform.

Quantifiable outcome

• First MRO in India to successfully complete End-of-lease check on an A320neo aircraft within the country
• +1 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• Siris Aircraft MRO (SAMRO)coreStrategic or Co-development Partner · 3 May 2023Air Works partnered with Kathmandu-based Siris Aircraft MRO (SAMRO) to offer line maintenance services at Tribhuvan International Airport in Nepal. SAMRO provides technical manpower, infrastructure, equipment & tooling while Air Works deputes certifying staff/maintenance engineers and undertakes business development. Services executed under Air Works' Quality system extended to the new station. Air Works extended its Boeing (737/767/777/787 family), Airbus (319/320/321/330/350 family) and ATR 42/72 approvals to Kathmandu.

Scale indicators7 records

Recent moves8 records

Expansion highlights7 records

Broad incumbents

• ST Engineering Aerospace: Large Singapore-based aerospace group providing airframe MRO, engine MRO, and component repair, with global facilities. Comparable aerospace MRO scope at much larger scale, overlapping with Air Works in commercial airframe and component services.
• Lufthansa Technik: World's largest independent MRO providing airframe, engine, component, and digital fleet services through a global network. Competes with Air Works for third-party airline contracts and commercial MRO share where footprints overlap.
• Hong Kong Aircraft Engineering (HAECO): Major Asia-based independent MRO providing base maintenance, line maintenance, and component services across multiple aircraft types. Comparable diversified commercial MRO offering with broader geographic reach than Air Works.

Direct peers

• SIA Engineering Company: Asia-based independent MRO with a hub-and-spoke line maintenance network across Asia-Pacific and joint ventures with OEM partners. Closely comparable as an independent, multi-airport MRO serving commercial airlines and defense customers.
• SR Technics: Switzerland-based independent MRO offering airframe maintenance, engine services, and component repair. Comparable independent MRO business model pursuing third-party contracts from a regional hub outside India.
• Etihad Engineering: UAE-based independent MRO providing heavy maintenance, line maintenance, and component services to commercial airlines across the Middle East and globally. Comparable commercial MRO positioning in a competing regional hub.
• Turkish Technic: Independent MRO subsidiary of Turkish Airlines with multiple hangar locations and capabilities spanning airframe, engine, component, and painting services. Comparable diversified MRO portfolio seeking to attract third-party commercial work.
• GMR Aero Technic: Independent Indian MRO based at Hyderabad airport offering airframe maintenance, line maintenance, and component services for commercial and business aircraft. Competes head-to-head with Air Works for Indian airline and lessor MRO contracts.
• Indamer Aviation: Indian MRO providing base maintenance, line maintenance, and aircraft painting services from facilities in Mumbai and other airports. Direct overlap with Air Works across commercial and business aviation MRO service lines.
• Air India Engineering Services (AIESL): India's largest MRO operator, providing line and base maintenance, component overhaul, and engineering services across multiple hubs. Directly comparable as a domestic Indian MRO with broad aircraft-type coverage and key airline customer relationships.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks5 records

Key highlights6 records

Customer concentration

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Air Works