Pawan Hans Sale: Cayman Firm in Winning Bid Flayed By NCLT for Failure to Pay, Show Funding Plan

/ Almas Global, Aviation Industry, Big Charter, Civil Aviation, disinvestment, Dubai Company, India, Investigation, Maharaja Aviation, NCLT, Nirmala Sitharaman, ONGC, Pawan Hans, privatisation, Public Sector, Star9 Mobility

The privatisation of Pawan Hans Limited – the Indian government-owned helicopter operator – is shrouded in mystery. The entity that has acquired a controlling stake in Pawan Hans is Star9 Mobility Private Limited, a consortium led by a Dubai-based company about which little information is available. Indian regulators had imposed sanctions on this company, which appears not to have satisfied the eligibility criteria.

Published by: The Wire
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