Air Works invests Rs 120 crore in Empire Aviation Group

Air Works India Engineering Pvt Ltd has made a strategic investment in Dubai-based Empire Aviation Group (EAG). Air Works has funded this investment through a mix of internal accruals and structured debt finance of Rs 120 crore from KKR & Co. L.P. (KKR), a global investment firm. This move will help Air Works expands its footprint in the Middle East and provide aircraft management services to companies in India. Paras Dhamecha, Co-Founder and Executive Director, EAG said, “We welcome this partnership with Air Works – one of the leading companies in India’s rapidly developing private aviation sector – which will help facilitate our entry into India and allow us to exploit fully the Indian market opportunity by replicating the full portfolio of aviation services for India that we have successfully developed for the Middle East.” Vivek Gour, Managing Director, Air Works, added, ” We are fully confident that by working closely together, Air Works and EAG can build a strong franchise in the emerging aviation markets of India and the Middle East.”

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