Five-member board comprises two independent directors
Air Works - India’s largest independent MRO and well-diversified aviation services provider today announced that Dr. Haseeb A. Drabu has formally joined the Company’s Board as an Independent Director, after the receipt of all requisite approvals, including security clearance.
Dr. Haseeb A. Drabu - noted economist and policy maker, was appointed to the Board of Directors of the MRO major in August 2020, subject to receipt of requisite government and regulatory approvals.
Commenting on the development, Dr. Haseeb A. Drabu said, “Notwithstanding the adverse impact of Covid on Indian aviation and MROs, it is an exciting time to step into the sector given its long-term potential, fast paced growth, and fundamental role in economic development. I look forward to collaborating with members of the Air Works Board and the management team to realize the brand’s ambitions for the MRO sector in the world’s third largest domestic market, given the growing focus towards self-reliance (or Atmanirbhar) as well as the imperative need for India to become an MRO hub.”
Prior to receipt of Dr. Drabu’s clearance, Air Works had received the necessary clearances for the appointment of Lt. Gen K J Singh (Retd.) as an Independent Director in September 2020. With this, the current Board of the Company comprises five members including, the two independent directors.
Welcoming the development, Mr. D Anand Bhaskar, MD & CEO Air Works said, “Dr. Drabu’s deep understanding and experience across several areas has an invaluable bearing on Air Works’ overall business strategy given that proven business models and strategies have become obsolete in COVID times. We are increasingly thinking and operating out-of-the-box given the dynamism and accelerating developments in the MRO sector. With a refreshed Board, we are increasingly becoming a stronger enterprise that is also embracing the best in corporate governance.”
Air Works is one of India’s oldest aviation brands, having completed 70 Years of providing aviation services including maintenance operations in 2020. Today, it is certified to maintain as many as 50+ types of aircraft, making it also the most diversified MRO in the country with a pan-India network of 27 locations and 1400+ employees, serving both civil (fixed wing + rotary wing) and defense customers including global OEMs, commercial airlines, Business Aviation companies/ operators, and leading global Lessors.
Reputed for its excellent workmanship and attention to details, Air Works is highly trusted by the aviation industry for its reliability and has executed and delivered several industry and country-first projects in the field of aviation maintenance including structural works, avionics as well as design.