Thursday 21 June 2012

Global Vectra resumes chopper operations


New Delhi, June 21:
Private helicopter service provider Global Vectra has resumed operations. The aviation regulator, the Directorate-General of Civil Aviation (DGCA) had suspended its chopper service in May.
In a filing to the Bombay Stock Exchange, Global Vectra said, the “company has received the requisite letter from the Director General of Civil Aviation for resuming its operations” and it would resume services immediately.
Global Vectra has 23 choppers. It helps transport personnel of oil exploration companies such as ONGC to their deepwater oil rigs . It also provides services to pilgrims visiting the Vaishno Devi shrine in J&K.
Security Clearance
The aviation regulator suspended Global Vectra’s operator permit after the Home Ministry withdrew security clearance to its promoter. The company is part of the Vectra Group, promoted by Mr Ravinder Kumar Rishi ( Ravi Rishi). Mr Rishi has been in the limelight after media reported about an alleged scam in the purchase of Tatra trucks for the army. Tatra Truck is owned by the Vectra Group.
The company approached the courts against DGCA’s order and has been permitted to fly.
http://www.thehindubusinessline.com/todays-paper/tp-economy/article3555932.ece

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