Adani Group Weighs MRO and P2F Bets as India Aviation Booms

India’s diversified conglomerate Adani Group is exploring new investments in aircraft engine maintenance, repair and overhaul (MRO) as well as passenger-to-freighter (P2F) aircraft conversions, as it looks to deepen its footprint across the country’s fast-expanding aviation sector. According to reports, the group aims to consolidate its various aviation maintenance and services entities into a single, large-scale platform capable of serving both domestic and international customers.

The move reflects Adani Group’s confidence in long-term aviation growth in India, driven by rising passenger demand, fleet expansion by domestic airlines, and the rapid development of air cargo and logistics. India is forecast to become one of the world’s largest aviation markets over the next decade, creating sustained demand for local MRO capacity that can reduce airlines’ reliance on overseas facilities and lower operating costs.

In addition to engine MRO, Adani Group is said to be assessing opportunities in P2F aircraft conversions, a segment that has gained momentum as airlines and lessors seek cost-effective ways to add freighter capacity. With e-commerce, express cargo, and regional logistics continuing to expand, converted freighters have become a critical component of cargo fleets, particularly in emerging markets such as India. Establishing in-country P2F capabilities would position Adani to support both Indian operators and foreign carriers operating into the region.

The group is also reportedly investing in pilot training infrastructure, including the acquisition of a flight simulator company. Adani believes India could absorb between 45 and 50 full-flight simulators in the coming years as airlines induct hundreds of new aircraft and face an increasing need for trained cockpit crews. Pilot shortages have emerged as a key constraint for growth across global aviation, and India is no exception as carriers accelerate recruitment and fleet expansion.

Adani Group already operates major airport infrastructure assets across India and has built a growing presence in aircraft ground handling and aviation services. By integrating MRO, training, and conversion activities, the conglomerate could create a vertically aligned aviation services ecosystem that supports airlines across the entire aircraft lifecycle.

The group has previously been linked to several high-profile aviation opportunities. It was earlier reported to be considering an investment in the now-defunct Jet Airways and was also said to have explored bidding for Air India prior to its privatisation. At one stage, Adani Group was also among a number of entities reportedly evaluating a stake in SriLankan Airlines.

While no formal announcements have yet been made regarding the MRO or P2F plans, the reported strategy underlines Adani Group’s ambition to become a major aviation services powerhouse. If executed, the investments could strengthen India’s aviation self-sufficiency while positioning Adani as a key player in the global aircraft services and cargo value chain.

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Sources: AirGuide Business airguide.info, bing.com, ch-aviation.com