Pawan Hans has ambitious flight plan

Mumbai The state-owned helicopter operator is broadening its customer base, including via joint ventures, and ramping up its fleet.
State-run Pawan Hans Helicopters, which has emerged as Asia’s leading helicopter, is working towards building a fleet of 500 helicopters. That’s a huge increase over its current fleet strength of 41 helicopters, which have notched up more than 400,000 hours of flying and over 1,475,000 offshore landings in the western region.
The company’s strategy for this scale up: Focus on joint ventures and acquire new helicopters through government funding, internal sources and debt. Its growth strategy lays emphasis on improvements in efficiency and operations to take on competition from the private sector to consolidate its presence across the country.
R K Tyagi“The main objective of the growth strategy in this competitive scenario is to provide superior services to customers at competitive prices to the expand customer base, including the formation of JVs. The company has been acquiring new helicopters to cater to increased demands,” says Pawan Hans Chairman & Managing Director R K Tyagi.
Pawan Hans’ authorised capital is Rs 120 crore and present paid-up capital is Rs 113.76 crore, of which Rs 89.27 crore is held by the government and Rs 24.50 crore by exploration & production major Oil & Natural Gas Corporation (ONGC.
26/01/11 Sanjay Jog/Business Standard

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Categories: Indian Aviation- In General Jan 2011