Monday, October 01, 2018

Merge Pawan Hans with Hindustan Aeronautics: Officers union

Urging the government not to privatise profit-making Pawan Hans Ltd, the state-run chopper operators officers union has proposed the company's merger with defence PSU Hindustan Aeronautics Ltd (HAL).

Such a merger would strengthen both the domestic civil and defence aviation sectors, the Pawan Hans Officers Welfare Association (PHOWA) said in a letter to Prime Minister Narendra Modi last week.

The union urged the government go for a public issue of Pawan Hans Ltd (PHL) as per the guidelines of DIPAM (Department of Investment and Public Asset Management) rather than opting for an outright sale of the aviation entity.

Pawan Hans is a 51:49 joint venture between the central government and state-owned oil explorer ONGC.

After failing to get a good response to its first attempt to handover Pawan Hans to private players, the Centre on April 13 issued a fresh information memorandum for the 51 per cent stake sale in the company and sought EoIs (expressions of interest) from interested bidders by June 18.
30/09/18 PTI/Economic Times

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