Pawan Hans

Pilots' lack of familiarisation with automatic flight control systems was one of the contributing factors that led to Pawan Hans' Sikorsky helicopter crash that killed four people off the Mumbai coast in June last year, according to an investigation report that has also called for various corrective measures. In its final report on the accident involving Sikorsky S-76D helicopter that was operated by Pawan Hans, the Aircraft Accident Investigation Bureau (AAIB) has also flagged the passenger safety briefing video did not provide correct guidance for inflation of life jackets. Out of the seven people who were onboard the chopper, the report said that all of them evacuated from the helicopter but only five could inflate the life jackets. The helicopter was to operate a crew change sortie to ONGC-operated Sagar Kiran Rig in Mumbai off-shore. The accident happened on June 28, 2022, as the helicopter entered into uncontrolled flight during its final approach and fell into the ...

Majority owner in consortium that won stake sale for state-owned helicopter operator faces legal trouble

The government had decided to sell 51% stake in Pawan Hans to Star9 Mobility Private Ltd for Rs 211.14 crore in May 2022

Pawan Hans will launch helicopter services on six routes in Assam on February 8. These routes will be launched under the regional air connectivity scheme UDAN. Pawan Hans has been awarded 86 routes under the scheme in six states. According to an official release on Monday, the company will provide connectivity on "Dibrugarh-Jorhat-Tezpur-Guwahati-Tezpur-Jorhat-Dibrugarh" network in the first phase. "Subsequently, the services will be operationalised in the state of Arunanchal Pradesh," it said.

Bidders will have to share the details of legal proceedings against them, if any, until the completion of sale transactions

The government's decision is based on the recommendation of its transaction adviser

While the govt has secured a big win by privatising Air India, it is still far from its initial goal of privatising majority of PSUs

Three of the four dead were ONGC employees

A Pawan Hans helicopter, with two pilots and seven others including six ONGC employees onboard, fell into the Arabian Sea about 50 nautical miles from the Mumbai coast

The statement from the Cayman Islands-based fund comes a day after the government decided to put on hold the sale of Pawan Hans as it was legally examining the NCLT order against AGOF

This is the second instance where a disinvestment exercise has been put on hold after completion of the process due to allegations against the reputation of the winning bidder

After the offer is made by ONGC, the new buyer will get seven days to decide if it wants to buy the remaining 49 per cent stake held by the public sector undertaking (PSU)

The handover of loss-making helicopter service provider Pawan Hans to Star9 Mobility Pvt Ltd is likely to get over by June, an official said on Friday.

The government has decided to sell 51 per cent stake in Pawan Hans to Star9 Mobility Private Ltd for Rs 211.14 crore

This is the second successful privatisation in the civil aviation space after the Air India sale

The asset sale plan will help bridge the budget gap and meet spending targets as the economy faces fresh headwinds from the geopolitical tensions

The government will finalise the sale of state-owned helicopter service provider Pawan Hans this week. More on that story in our top headlines this hour.

Pawan Hans, a government company under the Ministry of Civil Aviation (MCA), intends to use these helicopters to support onshore and offshore operations by the Oil and Natural Gas Corporation (ONGC).

The announcement about the leasing of helicopters was made during the Wings India event in Hyderabad

The government has received an undisclosed number of financial bids for sale of its stake in ailing helicopter operator Pawan Hans, moving the divestment process to the last stage. "The financial bids for Pawan Hans disinvestment have been received by the transaction advisor. The process now moves to a concluding stage, DIPAM Secretary Tuhin Kanta Pandey tweeted. He, however, did not disclose the number of bidders. The government is selling its entire 51 per cent stake in Pawan Hans. State-owned Oil and Natural Gas Corporation (ONGC), which holds the remaining 49 per cent, has also offered its entire shareholding in the company for sale along with the government stake. Set up in 1985, Pawan Hans has a fleet of over 40 helicopters and over 900 employees, less than half of them on permanent roles. It provides helicopter services for the exploration activities of ONGC and to India's northeast. For 2019-20, the company reported a net loss of Rs 28 crore, lower than Rs 69 crore in the