Air Works Engineering, India`s leading provider of aviation services has acquired 85% stake in Air Livery, UK. With an annual turnover of Rs 1.35 billion, Air Livery is Europe`s leading aircraft refinishing company.
The acquisition adds significantly to both the revenue and profitability of Air Works. Air Works has constantly been focusing on adding accreditations and services to make the company a one-stop shop for all aircraft maintenance work.
Air Works recently became the first Indian independent airframe MRO Company to be awarded the EASA repairs station approval. By adding a whole new section of painting and refurbishment services through this acquisition, Air Works marks another significant milestone for the Indian MRO industry.
There are over 500 business aircraft (Fixed & Rotary) and 350 planes owned by airlines in India. In the absence of a dedicated professional Paint Hangar in India, SE Asia or Middle East, Air Works will have a unique position after this acquisition.
Air Works expects that through this acquisition, it can save airlines approximately 25% of their current costs for painting of wide and narrow bodied aircraft in India. More importantly, this will result in very significant savings to the airlines in ferry costs (average of USD 80,000) and reduction in down time (minimum of 2 days of operations which average USD 60,000).
18/02/10 My Iris
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The acquisition adds significantly to both the revenue and profitability of Air Works. Air Works has constantly been focusing on adding accreditations and services to make the company a one-stop shop for all aircraft maintenance work.
Air Works recently became the first Indian independent airframe MRO Company to be awarded the EASA repairs station approval. By adding a whole new section of painting and refurbishment services through this acquisition, Air Works marks another significant milestone for the Indian MRO industry.
There are over 500 business aircraft (Fixed & Rotary) and 350 planes owned by airlines in India. In the absence of a dedicated professional Paint Hangar in India, SE Asia or Middle East, Air Works will have a unique position after this acquisition.
Air Works expects that through this acquisition, it can save airlines approximately 25% of their current costs for painting of wide and narrow bodied aircraft in India. More importantly, this will result in very significant savings to the airlines in ferry costs (average of USD 80,000) and reduction in down time (minimum of 2 days of operations which average USD 60,000).
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