Govt To Exit Pawan Hans


After setting the process rolling for the strategic sale of state-run airline, Air India, the government today made a move to sell its entire 51% stake along with management control in helicopter service operator Pawan Hans Ltd.

It came out with a notice inviting bids from private companies, including foreign ones, to buy out the government’s share.

The Miniratna PSU, which is under the administrative control of the Civil Aviation Ministry, was incorporated on October 15, 1985 as the Helicopter Corporation of India (HCI), the country’s national helicopter company with the objective of providing helicopter support services to the oil sector for its off-shore exploration operations, services in remote areas and charter services for promotion of tourism. Read More…

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