Airbus Helicopters, SIDBI sign MoU for helicopter financing in India

Airbus Helicopters’ Racer high-speed demonstrator mannequin seen on show at Marignane, France.
| Photo Credit: TIM HEPHER

Airbus Helicopters and Small Industries Development Bank of India (SIDBI) signed a Memorandum of Understanding (MoU) for financing the acquisition of Airbus’ helicopters in India.

Under the MoU, each Airbus Helicopters and SIDBI would establish potential civil helicopter operators in India in financing options for buying the helicopters. 

While Airbus would supply the technical and helicopter-industry data, SIDBI could be accountable for evaluating the prospects and financing them solely for Airbus.

Rahul Priyadarshi, Chief General Manager, SIDBI, stated, “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.”

Sunny Guglani, Head of Airbus Helicopters, India and South Asia in a press release stated, “The MoU with SIDBI opens a new chapter in making civil helicopters more accessible to operators in India, which will further position these rotary wing aircraft as a critical tool for nation building. 

“Combining our unmatched product portfolio and industry expertise with SIDBI’s attractive financing solutions will play a pivotal role in the expansion of the civil helicopter market in India,” he added. 

This collaboration marks the foray of SIDBI into helicopter financing and assembly the monetary and improvement wants of India’s rotary wing sector.