The Civil Aviation Ministry in the last stages of preparing the modalities
of disinvestment of State-run helicopter operator Pawan Hans and will send its proposal
for evaluation to the core group of secretaries “within a week”.
The Cabinet Committee on Economic Affairs (CCEA) had given its in-principle
approval for strategic disinvestment of profit-making Pawan Hans late last
The Centre holds 51 per cent stake in the chopper firm while another
State-owned giant Oil and Natural Gas Corporation owns the remaining 49 per
The Core Group of Secretaries on Disinvestment (CGD) headed by the Cabinet
secretary will then look into our suggestions.”
A meeting was also held at the Ministry on this issue on August 9 where
both Civil Aviation Minister Ashok Gajapathi Raju and his deputy Minister of
State for Civil Aviation Jayant Sinha were present.
The set of recommendations from the Ministry to the Core committee will
also deal with issues of landed property and assets of Pawan Hans.
A section of employees of Pawan Hans wrote to the Prime Minister’s Office
suggesting that the firm be merged with ONGC or made a subsidiary company by
way of increasing ONGC’s stake to 51 per cent.