Adani Defence acquires flight simulation center for ₹820 crore

Adani Defence Systems & Technologies (ADSTL) and Horizon Aero Solutions (HASL), subsidiaries of Adani Enterprises, have signed share purchase agreements to acquire an effective 72.8% stake in Flight Simulation Technique Centre (FSTC). FSTC is a subsidiary of Flight Simulation Solutions (FSS), and the acquisition includes FSS and FSTC's existing shareholders.

The transaction, with an enterprise value of ₹820 crore, aims to significantly enhance India's flight training capacity. FSTC operates 11 advanced full-flight simulators and 17 training aircraft, offering comprehensive pilot training from commercial pilot licenses to type ratings. The acquisition strengthens Adani Defence's vision of an integrated aviation services ecosystem.

The acquisition is expected to address the need for certified pilots amidst airline fleet expansion and advanced training for armed forces.