Udan: Pawan Hans' plans under regional connectivity scheme run into rough weather amid divestment
The disinvestment process should not come as a roadblock in the business expansion plans of the company, he further said. After announcing its plans to privatise the profit-making aviation entity in 2016, the government came out with Preliminary Memorandum of Information (PMI) for inviting expression of interest in 2017. However, as it failed to attract enough bidders, the PMI was subsequently cancelled and a fresh one was issued in lieu of that early last month.
Pawan Hans Helicopter's plans to launch flights under the regional connectivity scheme Udan have run into rough weather amid the ongoing disinvestment process and non-availability of choppers. Image source: Reuters