A helicopter service provided by Pawan Hans. (Source: Pawan Hans website)
Prime Minister Narendra Modi’s government lined up a profitable Pawan Hans Ltd. for sale—about three years later, the state-run helicopter services provider hasn’t found a buyer. And it’s battling a crippling cash crunch.Things have come to such a pass that the company, 51 percent owned by the government, has run out of cash to pay employees. It’s not in a position to disburse salaries for April due to “uncomfortable financial positi...