Adani Group has acquired a 72.8 per cent stake in Flight Simulation Solutions for Rs 820. In an exchange filing, Adani Enterprises disclosed that the transaction was carried out by Adani Defence Systems and Technologies and Horizon Aero Solutions, a subsidiary of the company.
Flight Simulation Solutions business
In a statement, Adani Enterprises stated that Flight Simulation Solutions is India’s largest independent provider of flight training and simulation, operating 11 advanced full-flight simulators and 17 training aircraft. The company offer pilot training, commercial pilot licences, type ratings, recurrent training and specialised skill courses.
Further, the company is certified by the Directorate General of Civil Aviation and the European Union Aviation Safety Agency and runs simulation centres in Gurugram and Hyderabad. It also operates one of India’s largest flying schools at Bhiwani and Narnaul in Haryana.
“This acquisition is the next step in our strategy to build a fully integrated aviation services platform. With FSTC joining Air Works and Indamer Technics, we can now serve customers across civil MRO, general aviation MRO [Maintenance, Repair and Overhaul], defence MRO and full-stack flight training,” said Ashish Rajvanshi, CEO, Adani Defence & Aerospace
Significance for Adani Defence
Adani Group’s defence sector company is looking at India’s civil and defence pilot training ecosystem as an emerging business opportunity, as the major Indian airlines prepare to expand their fleet and operations across India and the globe.
“With Indian airlines expected to induct 1,500+ aircraft, the requirement for certified pilots will multiply sharply. At the same time, the government’s thrust on advanced training and mission rehearsal for armed forces creates new opportunities in defence simulation. In line with our philosophy of helping build a secure nation, we aim to support the next generation of Indian defence pilots.” Rajvanshi said.
