Airbus & SIDBI Partner for Helicopter Financing in India
May 20, 2024 21:19
Airbus Helicopters and SIDBI have partnered to finance helicopter purchases in India, targeting civil operators. SIDBI will provide financing solutions for Airbus helicopters.
Photograph: Regis Duvignau/Reuters
New Delhi, May 20 (PTI) Airbus Helicopters and Small Industries Development Bank of India (SIDBI) have signed a memorandum of understanding (MoU) for financing the purchase of the company's helicopters in India.
Under the MoU, Airbus Helicopters and SIDBI will identify potential civil helicopter operators in India who are interested in financing solutions for purchasing Airbus helicopters. Airbus will provide the technical and helicopter industry knowledge to SIDBI, which will evaluate these prospects and finance them exclusively for Airbus, a release said on Monday.
The initiative also marks SIDBI's foray into the helicopter financing segment.
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