'Pawan Hans' is latest to hit by financial crisis, unable to pay April salaries
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Indian aviation sector sees continuous turbulence as the national helicopter carrier 'Pawan Hans' is the latest to get hit by financial crisis after Kingfisher Airlines & Jet Airways. The company sent a circular to its employees-it can't pay April salaries due to uncomfortable financial position. The financial instability deteriorated following the outstanding amount lying with customers shot up to more than Rs230 crores.