Pawan Hans Sets New Goals ahead of stock market flotation

Pawan Hans Sets New Goals ahead of stock market flotation

17-Oct-2016 Source: HeliHub.com

Pawan Hans, an Indian Government-owned company is setting new goals for when they open to the public in either late 2017 or early 2018. By 2027 they aim to have a revenue of Rs 1600 crore, from the Rs 500 crore they currently have. They are looking into new and different avenues for growth in the regional connectivity scheme. By 2022 they hope to replace aging aircrafts with newer models, buying up to 100 new helicopters. Their current fleet stands at 43 helicopters. As reported by Business Standard, they are dealing with Bell and Airbus with regards to purchasing helicopters.

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