Airbus Helicopters and SIDBI Sign an MoU for Helicopter Financing in India.
MOUs and Agreement
Airbus Helicopters and Small Industries Development Bank of India (SIDBI), the Government of India’s principal financial institution for promoting, financing and developing the Micro, Small and Medium Enterprise (MSME) sector, have signed a Memorandum of Understanding (MoU) for financing the purchase of Airbus’ helicopters in India. The MoU was signed by Rahul Priyadarshi, Chief General Manager, SIDBI and Sunny Guglani, Head of Airbus Helicopters, India and South Asia. Under the MoU, both 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 who will evaluate these prospects and finance them exclusively for Airbus.
Speaking on the occasion, Rahul Priyadarshi, Chief General Manager, SIDBI, said, “This a new area for financing to helicopter operators by SIDBI and is expected to open new avenues for financing MSMEs related to this segment.”
This collaboration marks a significant foray of SIDBI into helicopter financing and meeting the financial and development needs of India’s fast-growing rotary wing sector.
Shri Sivasubramanian Ramann - Chairman
Lucknow, Uttar Pradesh, India - HQ
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