Sale of Pawan Hans to Star9 Mobility to be completed by June

The Centre will complete the sale of helicopter firm Pawan Hans to Star9 Mobility in June, a senior official said, denying allegations that the consortium did not meet the minimum net worth criteria of Rs 300 crore specified for the bidders.

Star9 Mobility is a consortium of Big Charter Private Limited, Maharaja Aviation Private Limited and Almas Global Opportunity Fund SPC, a senior official said on Friday.