Government starts stake sale process for Pawan Hans, hires SBI Caps as advisor


The civil aviation ministry has started the process of divesting its stake in helicopter operator Pawan Hans by the end of 2015-16 through an initial public offering, for which it has hired SBI Caps as an advisor. The New Delhi-based company, which operates a fleet of 46 choppers, is the largest helicopter operator not just in India, but also in Asia 

"Representatives of SBI Caps made a presentation to us last week. They have listed out things that we need to do in terms of our financial accounts and various other aspects before filing for the listing. While we would like to complete the listing process as early as possible, we are looking at a listing before the end of next fiscal," said a senior civil aviation ministry official, who did not wish to be identified 

The move is in line with the draft civil aviation policy floated by the civil aviation ministry that has proposed divestment in state-run companies, including Airports Authority of India (AAI) and Pawan Hans 


Comments

Post a Comment

Popular posts from this blog

GE, Rolls Royce, Pratt & Whitney : Who Rules the Engine Market?

When it comes to engines, much like plane manufacturers, there are a few players leading the market. GE, Rolls Royce, and Pratt & Whitney are likely the names you hear the most when looking at the industry (or looking out the window). But which of these three giants is the leader? And what planes do they power? Essential parts The engine is an essential part of the aircraft, providing the power and thrust required to operate an aircraft and keep it in the air. Engines also determine  aircraft efficiency , a key factor in reducing emissions and fuel burn. When purchasing planes, airlines are faced with the option of which engines to put on their planes. Safety isn’t usually an issue with most engines, although  a few  have seen  recurring issues , which means airlines usually make the decision on price alone. So, what choices do airlines have for engines? That depends on your plane and aircraft type. Take the A380 for instance. When purchasing the aircraft, airlin...
Read more

Vistara Domestic Premium Economy vs. Economy – Is The Upgrade Worth It?

Economy on Vistara As one of only two  full-service carriers  in India, Vistara offers a high-quality economy product. On its A320, which used on most domestic routes, it offers 18-inch wide seats with a pitch of 29-30 inches. While this does sound standard, the well-padded seats and adjustable headrest make for a much more comfortable offering than its low-cost competitors. The seats also offer an acceptable 3″ recline. In terms of service, Vistara is one of the few airlines offering hot meals on domestic routes (minus short routes under an hour). All economy passengers, except those booked on Economy Lite fares, receive a meal along with hot or cold beverages. From personal experience, the meals are good and enough for domestic hops. For those traveling on Lite fares, only complimentary hot beverages are available. Vistara also has a small buy-on-board menu, which features packaged snacks and drinks, along with some hot instant meals. Originally, the airline served all passe...
Read more

IndiGo’s New A321XLR Fleet – What We Know So Far

In October 2019, IndiGo placed a massive order for 300 A320neo family of aircraft, including the A321XLR. IndiGo plans to use the A321XLR to expand its market coverage and start long-haul operations. Now that it has been nearly a year since the order, has there been any change? What have we learned? The A321XLR is expected to drastically reshape long-haul flying, especially  after the current crisis . With its 4,700nm range, the plane can fly high-frequency, trans-Atlantic flights and even open up new routes to underserved markets. Full service carriers such as  United ,  Qantas , and  American  have all ordered the plane along with low-cost carriers such as IndiGo. New destinations The A321XLR might play a pivotal role in the IndiGo fleet when it comes into service in 2023. IndiGo has long wanted an aircraft that can fly popular long-haul routes in Europe and East Asia and has even considered  wet leasing aircraft  for the same. However, it can now do...
Read more