Airbus Helicopters and Small Industries Development Bank of India (SIDBI) have signed MoU.
The MoU is for financing the purchase of Airbus’ helicopters in India.
As part of the MoU, potential civil helicopter operators having interest in financing solutions for purchasing the helicopters would be identified by the Airbus Helicopters and SIDBI.
Airbus would be responsible for providing the technical and helicopter-industry knowledge.
SIDBI would evaluate the prospects and finance them exclusively for Airbus.
This collaboration marks the entry of SIDBI into helicopter financing.
This collaboration also marks the entry of SIDBI into meeting the financial and development needs of rotary wing sector of India.
