HAL to acquire full stake in HATSOFF

Hindustan Aeronautics Limited (HAL) is set to fully acquire HATSOFF, a Bangalore-based helicopter training institute. HAL will acquire 50% of HATSOFF, which has been a 50:50 joint venture between HAL and Canadian firm CAE since 2010. HATSOFF will then become a wholly owned subsidiary of HAL, giving the defence PSU full management control.

The acquisition is expected to be completed within 60 days of signing the share transfer agreement. HAL's acquisition of HATSOFF aligns with its core business, as the institute is the first of its kind in India and houses the country's first advanced full-fidelity helicopter simulator. HATSOFF provides training for various helicopter models used by India's armed forces and civilian operators.

The acquisition has obtained administrative approval from the Ministry of Defence and the Ministry of Finance.