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The Indian Government has decided to scrap the bidding process of Pawan Hans. Pawan Hans is a 51:49 joint venture between the government and ONGC. The government had planned to sell their part of the shares. Further details regarding their next steps are still to be announced, reports Web India.
The Oil and Natural Gas Corporation (ONGC) is looking into the purchase of an air ambulance. The helicopter would then be at their “beck and call,” providing available EMS for offshore workers at all times. The ONGC has invited helicopter companies to partake in bids, reports Indian Express.
Through All India Civil Aviation Employees Union, representatives of Pawan Hans met up with Ashok Gajapathi, the civil aviation minister. They sent in a memorandum asking that the company be allowed to put into action their IPO plan, before the company is sold. The government has a 51% stake in the company and Oil and… Read more »
The poor visibility caused due to unsuitable weather conditions in certain susceptible areas over the Bombay High seas can lead to mid-air collision, fear helicopter pilots operating from Juhu airport. See Full Story
Pawan Hans Helicopters has offered an equity stake against a Rs 131-crore loan the state-run company had taken from the government about three decades ago to buy helicopters and start operations. See Full Story
Economic Times, 06-May-15
State-run Pawan Hans Limited (PHL) plans to acquire two seaplanes and 20 helicopters in the current fiscal as part of its expansion plans, the company said today. See Full Story