Pawan Hans plans to start scheduled airline soon

New Delhi: Pawan Hans, the leader in off-shore helicopter operations in India would soon start schedule airline services.
The company plans to acquire six 18-24 seater small aircraft with an investment of Rs 450 crore to operate on non-metro routes such as Andaman and Nicobar, Uttrakhand, North-East states and other far-off sectors.
The new airline likely to be branded Pawan Hans will start operations sometime next year. The government-owned company has already been granted a no objection certificate (NOC) by the ministry of civil aviation to start airlines services. It is awaiting a final nod from the directorate general of civil aviation to start commercial airline services.
Pawan Hans plans to invest Rs 1,000 crore for expanding its operations. This will be raised through debt and internal accruals. It also plans to purchase 22 new choppers to take its total fleet to 57 helicopters.
13/09/07 Chanchal Pal Chauhan & Nirbhay Kumar/Economic Times

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Categories: General Aviation Sep 2007, New Sep 2007, Pawan Hans Sep 2007, Regional Airlines Sep 2007