Pawan Hans Ltd's staffer's body PHJEF has alleged irregularities in the company's ongoing disinvestment process and has urged the civil aviation ministry to "re-fix" the bidding norms/ eligibility criteria.
The Finance Ministry is drafting a framework for ministries and departments which they would follow while selling non-core assets of CPSEs, an official said.
Urging the government not to privatise profit-making Pawan Hans Ltd, the state-run chopper operators officers union has proposed the company's merger with defence PSU Hindustan Aeronautics Ltd (HAL).
The government has extended the deadline to September 19 for submitting initial bids for 51 per cent stake sale in helicopter services provider Pawan Hans Ltd, according to a communication.
Entities willing to buy the government's 51 per cent stake in Pawan Hans will have the option not to purchase the remaining stake held by ONGC in the helicopter service provider.
The maximum airfares for direct flights to Kerala and nearby airports have remained within the limits specified by aviation regulator DGCA, according to the civil aviation ministry.
The board of ONGC has, for the second time in just over a month, approved selling its entire 49 per cent stake in helicopter service provider Pawan Hans alongside government's privatisation bid, officials with direct knowledge of the development said.
The government will soon invite fresh bids for 100 per cent stake sale in Pawan Hans by issuing an addendum to the disinvestment document as ONGC is ready to sell its entire stake in the company, an official said.
Soon, Pawan Hans services could be available for tourists in Tamil Nadu as a feasibility report on heli-tourism has been submitted to the state government, Minister of Tourism K J Alphons informed the Lok Sabha.
Board of ONGC has approved exiting helicopter service provider Pawan Hans by selling its entire 49 per cent stake as it looks to cut debt and consolidate resources in core oil and gas business, officials with direct knowledge of the development said.