NEW DELHI, October 3, 2018 /PRNewswire/ --
Air Works has signed an agreement with Satys group('Satys') to divest Air Livery, a subsidiary of Air Works providing After Sale Aircraft Finishing operations out of UK. The completion requirements concluded on 1st October, 2018.
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Under the transaction, Air Livery's entire UK operations and its assets will be transferred to Satys. Air Works will continue to provide Aircraft Finishing services to OEMs' and other Customers out of its French subsidiary 'Aero Technique Espace'(ATE). Satys is a French industrial group with strong presence in aircraft sealing and painting in Europe & ROW.
D Anand Bhaskar, CEO, Air Works, said, "We will continue to focus, to grow our relationship and support to OEMs and Lessors across the globe. With India emerging as one of the fastest growing Aviation Market globally, the divestment is in sync with our decision to focus more on India operations and strengthen our market leadership here." He further added that, "Air Works believes that Satys has synergies and scale in Aircraft Painting that can further develop and nurture UK-based business."
About Air Works
Air Works is an India headquartered Global Aviation services provider, with strong India presence in Commercial & Private Aircraft MRO services. It has operations based out of France, Dubai, Ireland and USA, in Aircraft Finishing, Aircraft Management Services, Technical Asset Management services for Lessors and Safety rating in Private Jet & Drones services. For more details, visit: https://www.airworks.aero/ .
Media Contact:
Taru Prabhakar
[email protected]
+91-9899186223
Senior Manager
Air Woks India (Engineering) Pvt. Ltd.
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