Adani acquires FSTC for ₹820 crore to expand aviation portfolio
pre-market1 source ↓written by the desknot a recommendation
- Centre FSTC
- ₹820 crore
- 73% stake
- FSTC's assets including
- 11 full-flight simulators
- 17 training aircraft
The Adani Group has acquired Flight Simulation Technique Centre (FSTC) for ₹820 crore, enhancing its aerospace and defence portfolio. This deal grants Adani Defence Systems & Technologies Ltd. and Horizon Aero Solutions a 73% stake, integrating FSTC's extensive training infrastructure into Adani's aviation services.
This acquisition positions Adani as a significant player in the pilot training sector, with FSTC's assets including 11 full-flight simulators and 17 training aircraft. The move may strengthen Adani's competitive edge in the aviation market.
Not investment advice. For informational purposes only.