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Adani Defence Systems and Technologies, along with Prime Aero Services has signed an agreement to acquire a 72.8% stake in Flight Simulation Technique Simulator (FSTC) for ₹820 crore.
FSTC is India’s largest flight training and simulation provider. It is the only organisation in the country that independently owns and operates a flying school and an Approved Training Organisation (ATO).
What will the deal do: with the acquisition, Adani Defence aims to create a one-stop aviation hub that handles aircraft repairs, flight simulators, and full pilot training.
India will need nearly 20,000 new pilots in the next ten years, and FSTC’s facilities will help train a big share of them.
Looking ahead: FSTC now joins other aviation companies like Air Works and Indamer Technics where Adani Defence holds a majority stake.
With these strategic acquisitions, the company wants to build an aviation services platform and support customers across all areas of commercial, private and defence aviation.
Zoom out: globally, the pilot training industry is expanding rapidly at 12.7% a year and is expected to hit $24.86 billion by 2032. This partnership positions Adani to tap into that growth and strengthen India’s presence on the global aviation training map.
Fortune Business Insights
