Wednesday, October 11, 2006

Pawan Hans may lose sole client

Mumbai: After a year of questionable decisions by its top brass, public sector chopper company Pawan Hans Helicopters Ltd (PHHL) now finds itself on the verge of losing a crucial Rs 600-crore four-year contract to provide choppers to ONGC, its sole customer of 20 years.
The reason: failure to provide 12 choppers fitted with additional safety gear by October 28, 2006, the revised deadline for the deal.
According to sources, the ONGC contract was signed in April 2005, which gave Pawan Hans Helicopters Ltd and
two other private chopper companies—that got the deal—18 months to get the installations done.
The contract stated that if the deadline was not honoured, the deal would stand cancelled. Now Global Vectra Ltd and United Helicharters Ltd, the other two companies, are ready with helicopters installed with safety equipment.
11/10/06 Manju V/Times of India
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