Airbus Helicopters hopes Centre will resolve Pawan Hans disinvestment situation ‘very quickly’

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.