Sunday, May 22, 2022

HAL and Pawan Hans sign IOC for helicopter purchase and lease

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  • HAL and Pawan Hans have signed an Intent of Cooperation (IOC)
  • The IOC entails purchase and/or long term lease for 20 helicopters from HAL
  • Pawan Hans is undergoing a disinvestment process and has suffered heavy losses due to Covid-19

New Delhi: An Intent of Cooperation (IOC) was signed between Hindustan Aeronautics Limited (HAL) and Pawan Hans Limited (PHL) for purchase or long term lease for 20 helicopters, 10 each civil variants of ALH Dhruv and Light Utility Helicopters at the ongoing Wings India-2022 at Hyderabad. This would also bring synergy between HAL and PHL in the helicopter ecosystem and strengthen the helicopter business in India’s civil aviation market.

The IOC has been signed between PHL’s CMD Sanjeev Razdan and HAL’s (Helicopter Complex) CEO S Anbuvelan in the presence of Union Minister of Civil Aviation Jyotiraditya M Scindia, Minister of Roads, Buildings, Legislative Affairs and Housing of Telangana Vemula Prashanth Reddy, HAL CMD R Madhavan and others.

The IOC has been signed in line with the Govt’s vision of ‘Aatmanirbhar Bharat.’

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