New Delhi: Pawan Hans has firmed up plans to launch regional flights with fixed wing aircraft , including seaplanes, even as the state-owned helicopter operator prepares for an initial public offering that may happen next year or the year after that.
Maintenance, repair and overhaul (MRO) services and development of helipads and heliports are other areas where the company is aiming to enter as part of its diversification push, Chairman BP Sharma told ET in an interview.
The IPO, to meet the company's fund requirement for expansion and modernisation of fleet, could happen during 2017 or 2018, he said. It is also considering raising funds from institutions.
The new civil aviation policy proposed by the government seeks affordable air connectivity to small cities and towns. Under the plan, fares will be set at Rs 2,500 per hour or flight, and the rest will be funded through a subsidy. Pawan Hans plans to take on lease three aircraft with around 18-20 seats to operate on the regional routes that will attract the government subsidy.
06/06/16 Mihir Mishra/Economic Times
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Maintenance, repair and overhaul (MRO) services and development of helipads and heliports are other areas where the company is aiming to enter as part of its diversification push, Chairman BP Sharma told ET in an interview.
The IPO, to meet the company's fund requirement for expansion and modernisation of fleet, could happen during 2017 or 2018, he said. It is also considering raising funds from institutions.
The new civil aviation policy proposed by the government seeks affordable air connectivity to small cities and towns. Under the plan, fares will be set at Rs 2,500 per hour or flight, and the rest will be funded through a subsidy. Pawan Hans plans to take on lease three aircraft with around 18-20 seats to operate on the regional routes that will attract the government subsidy.
06/06/16 Mihir Mishra/Economic Times
