New Delhi: Airbus Helicopters hopes the central government will resolve the situation
regarding the disinvestment of Pawan Hans Limited "very quickly" so that the national
helicopter company can move ahead on its fleet expansion plans, a senior executive of
the global aerospace manufacturer said.
Airbus Helicopters had signed a Memorandum of Understanding (MoU) with Pawan Hans Limited (PHL) in Paris in June for collaboration in introducing two new categories of its helicopters - H145 and H225 - in the national company's fleet in the future. However, on July 11, the central government issued the Preliminary Information Memorandum to sell 51 per cent of its stake in PHL.
As the disinvestment process has begun, PHL has put its fleet expansion plans on hold.
Since July 11, the Centre has deferred the deadline regarding submission of expression of interest for PHL three times. On September 25, the Centre extended the last date in this regard to October 10. "Pawan Hans, in terms of helicopters, is a national carrier. They do have the wherewithal and the scale to acquire some thing (helicopters) at a large scale," said Head of Helicopters, Airbus India and South Asia, Ashish Saraf. "Currently, because of disinvestment (discussion), there has been a pause in terms of expansion of Pawan Hans. We do hope that this situation gets on its way in terms of its disinvestment resolved very quickly so that they are on to their expansion plans," he told PTI.
The Centre holds 51 per cent stake in PHL, which has a fleet of 43 helicopters. The remaining 49 per cent is with state-owned Oil and Natural Gas Corporation (ONGC).
13/10/19 PTI/Economic Times
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Airbus Helicopters had signed a Memorandum of Understanding (MoU) with Pawan Hans Limited (PHL) in Paris in June for collaboration in introducing two new categories of its helicopters - H145 and H225 - in the national company's fleet in the future. However, on July 11, the central government issued the Preliminary Information Memorandum to sell 51 per cent of its stake in PHL.
As the disinvestment process has begun, PHL has put its fleet expansion plans on hold.
Since July 11, the Centre has deferred the deadline regarding submission of expression of interest for PHL three times. On September 25, the Centre extended the last date in this regard to October 10. "Pawan Hans, in terms of helicopters, is a national carrier. They do have the wherewithal and the scale to acquire some thing (helicopters) at a large scale," said Head of Helicopters, Airbus India and South Asia, Ashish Saraf. "Currently, because of disinvestment (discussion), there has been a pause in terms of expansion of Pawan Hans. We do hope that this situation gets on its way in terms of its disinvestment resolved very quickly so that they are on to their expansion plans," he told PTI.
The Centre holds 51 per cent stake in PHL, which has a fleet of 43 helicopters. The remaining 49 per cent is with state-owned Oil and Natural Gas Corporation (ONGC).
13/10/19 PTI/Economic Times
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