Last month, the government selected M/s Star9 Mobility Pvt Ltd, a consortium of M/s Big Charter Private Limited, M/s Maharaja Aviation Private Limited and M/s Almas Global Opportunity Fund SPC, as the winning bidder for Pawan Hans, , pawan hans, Star Mobility, disinvestment
All India Civil Aviation Employees Union has moved Delhi High Court seeking its direction to set aside the impugned notice inviting expression of interest dated December 8, 2020 issued by the Central government for the proposed strategic disinvestment of the entire equity shareholding of 51 per cent in Pawan Hans Limited (PHL).
The Centre is attempting to hand over its helicopter services provider Pawan Hans Ltd to Star9 Mobility by June, while batting aside the Opposition’s objections to the disinvestment.
Last month, the government approved selling its 51 per cent stake in helicopter services provider Pawan Hans Ltd (PHL) along with the transfer of management control for Rs 211.14 crore to Star9 Mobility Private Ltd.