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July 07, 2015 1:48 AM ET

Aerospace and Defense

Company Overview of Air Works India (Engineering) Pvt Ltd

Company Overview

Air Works India (Engineering) Pvt Ltd., together with its subsidiary, provides aviation maintenance, repair, and overhaul (MRO) services in India. The company offers aircraft management; aircraft sales; business and general aviation MRO; commercial aviation MRO; and parts distribution services. It also provides avionics installation, certification, support, and training services for helicopters, business aircraft, regional airlines, and defense electronics. In addition, the company provides aircraft painting and refinishing services in the United Kingdom. Further, the company provides line maintenance services for its airline customers in Bengaluru, Calicut, Coimbatore, Chennai, Goa, Hyderab...

Kalyani House

Plot 40

Sector 18

Udyog Vihar

Gurgaon,  122001

India

Founded in 1951

Phone:

91 22 2615 7703

Fax:

91 22 2615 8956

Key Executives for Air Works India (Engineering) Pvt Ltd

Chief Executive Officer, Managing Director and Director
Age: 52
Chief Financial Officer
President of Corporate Affairs
Executive Director
Senior Vice President of Airline MRO
Compensation as of Fiscal Year 2015.

Air Works India (Engineering) Pvt Ltd Key Developments

Empire Aviation India Appoints Pryank Sharma as Head of Sales for Northern India

Empire Aviation India, a division of Air Works India and sister company to Dubai-based Empire Aviation Group, announced the appointment of a new Head of Sales for Northern India. Pryank Sharma, previously with Air Works India, has been appointed to the new role and will lead the development of new relationships with private aircraft owners looking for professional aircraft management services. Pryank Sharma, Head of Sales for Northern India at Empire Aviation India, brings with him more than 14 years' successful experience and achievement in leadership roles in managing airline and general aviation sales, in India. He was previously with Air Works India (a partner of Empire Aviation Group).

Air Works India (Engineering) Pvt Ltd Reports Earnings Results for the Fiscal 2015

Air Works India (Engineering) Pvt Ltd. reported unaudited earnings results for the fiscal 2015. For the period, the company had a profitable with revenue of approximately $105 million and an EBITDA of around $12 million. The revenue for fiscal year 2015 was lower than the previous year by circa 5% due to the impact on pricing and volumes of increased competition in the repainting market in Europe. However, the EBITDA on the consolidated basis has shown an improvement from 10% last year to circa 12% in fiscal year of 2015 on account of improving operating efficiencies.

Air Works India Seeks Acquisitions

Air Works India Engineering Private Limited is contemplating a rights issue from the existing investors to fund its growth and acquisition plans. Air Works has also been evaluating various acquisition opportunities to fuel the company's growth via inorganic expansion and has also identified targets in Technical Asset Management Services and Aircraft Data Management/Records Services space and is in the advanced stages of negotiating the deals.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
June 3, 2015
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