Pawan Hans

Finance Ministry reworking strategic sale procedure to ensure outright sale of central public sector enterprises

Currently, there is no set timeline for concluding strategic sale of a state-owned company and the entire process, in some cases, drags on for months, if not years.

Surging passenger numbers, policy promises dot turbulent skies in 2018; cut-throat competition pushes airlines into red

Despite high passenger growth, domestic airlines remained financially vulnerable as surge in oil prices, rupee depreciation and inability to raise fares amid intense competition crimped their earnings.

AAI employees to intensify protest against privatisation of six airports; bidders to be finalised on 28 Feb

Earlier last week, hundreds of AAI employees from across airports in the country observed a three-day relay hunger strike to protest the airport privatisation move.

Pawan Hans sale: Bidders to get draft share purchase pact soon; SBI Capital to be asked to go ahead with RFP

The decision was taken by the alternative mechanism on strategic disinvestment headed by Finance Minister Arun Jaitley and comprising Civil Aviation Minister Suresh Prabhu.

Pawan Hans staffers forum alleges irregularities in disinvestment process; urge Civil Aviation Ministry to 're-fix' bidding norms

On 13 April, the government issued the information memorandum for the 51 percent stake sale in the profit-making Pawan Hans Ltd and had sought EoI from interested bidders by 18 June.

Do not privatise Pawan Hans, merge it with Hindustan Aeronautics, urges Union to govt

The merger of the two entities, in fact, would lead to a better ecosystem and strengthen the country's civil and defence aviation industries, it said.

Pawan Hans disinvestment: ONGC board clears the deck for stake sale; govt expected to seek fresh bids shortly

Officials said ONGC is of the view that its investment in Pawan Hans is no longer strategic as it charter hires helicopters to ferry staff to its oil and gas locations, mostly offshore, through competitive bidding.

Pawan Hans sale: Govt to invite fresh bids for 100% stake; to soon issue EoI addendum post-ONGC board approval

Pawan Hans provides seven choppers to ONGC for its off-shore helicopter requirements for crew change and production tasks, including night ambulance.

ONGC board approves exiting Pawan Hans; to sell entire 49% stake to cut debt, consolidate resources

Oil and Natural Gas Corp (ONGC) wants its interest to be clubbed with the 51 percent government stake that is already on offer for sale, they said.

Govt pulls out preliminary information memo inviting bids for Pawan Hans Helicopters sale

The government has withdrawn the preliminary information memorandum for proposed disinvestment of helicopter services provider Pawan Hans, after failing to attract enough bidders