New Delhi, April 7 -- A parliamentary committee has asked the civil aviation ministry to consider selling state-owned chopper service firm Pawan Hans Ltd or reposition it as a northeast-focused helicopter operator.
"The committee recommends that the ministry articulate a clear, strategic direction for Pawan Hans, whether restructuring, re-attempting disinvestment, or repositioning it as a strategic helicopter operator for North Eastern region and island connectivity," the 31-member panel said in a report tabled in Parliament on 25 March.
The civil aviation ministry holds a 51% stake in Pawan Hans, while Oil and Natural Gas Corp. owns the remaining 49%. Efforts to privatise the helicopter operator in 2016, 2017, 2019 and 2020 did not mat...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.