Indian domestic MRO firm, Air Works, is eyeing a 15 to 20% growth in the top-line this fiscal with all segments of the business seeing growth. On a standalone basis, Air Works closed FY22 with a revenue of nearly INR 350 crore, which came from base maintenance, painting, cabin and interiors, line maintenance, and avionics.
“With the momentum of growth being seen in terms of market opportunities and our own capabilities, we expect a likely top-line growth of 15-20% this fiscal,” said D Anand Bhaskar, Managing Director, and CEO, Air Works. “The maximum growth is being witnessed in the commercial MRO segment at about 10-15% followed by defense MRO, and business aviation MRO at 10%,” he further added.
Adding another milestone achievement Air Works twin-hangar MRO facility at Kochi received the European aviation safety agency (EASA) approval. With this certification, the Kochi facility will be able to support A320 for base maintenance, C-checks, and structural and collusion inspections, among others.
The picture of the Indian aviation industry is slowly changing with a sharp focus being brought to bolster the entire aviation ecosystem by the Indian government. It includes the push to grow the presence of rotary wing/ helicopters in the country, set up and promote the indigenous leasing framework at GIFT City in Gujarat and expansion and modernization of airports as well as growing private-public partnerships making India one of the fastest growing aviation markets in the world.
