AgustaWestland Helicopter Deal In Jeopardy After Bribery Arrest | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 03.23.15

Airborne 03.24.15

Airborne 03.25.15

Airborne 03.26.15

Airborne 03.27.15

Airborne Hi-Def On YouTube

Airborne 03.23.15

Airborne 03.24.15

Airborne 03.25.15

Airborne 03.26.15

Airborne 03.27.15

Tue, Feb 19, 2013

AgustaWestland Helicopter Deal In Jeopardy After Bribery Arrest

Finmeccanica CEO Arrested, Resigns Over The Scandal

The Indian Defense Ministry has given AgustaWestland a short 7-day deadline for an explanation as to why a helicopter contract should not be cancelled. The company is embroiled in a bribery scandal that resulted in the arrest of Finmeccanica CEO Giuseppe Orsi February 12th.

The company is accused of corruption, tax fraud, and making illegal payments in connection with the sale of 12 AW101 helicopters to India. Three have already been delivered, according to Bloomberg News.

Finmeccanica is Italy's largest defence contractor. On February 14, they moved Alessandro Pansa into the CEO position. The company acknowledged that the New Delhi government has asked for an explanation of the deal, but denies that it is a cancellation of the contract. In a statement, AgustaWestland said it is "confident that the full compliance with the relevant laws as well as the good conduct of its past and present senior executives and managers will be demonstrated as soon as practicable.”

Analysts in India say that if the helicopter deal collapses, it could have a ripple effect on other contracts between Finmeccanica and the New Delhi government. One indicated that "blacklisting" Finmeccanica "can't be ruled out."

In a separate release, the Finmeccanica board said the company is "fully operational" under the leadership of Pansa. They deny any wrongdoing in securing the contract over competing helicopters from the U.S. and Russia.

(Indian Air Force AW101 pictured in file image)

FMI: www.finmeccanica.com

Advertisement

More News

Germanwings Pilot Apparently Locked Out Of Cockpit

CVR Indicates Pounding On Cockpit Door, Shouting For It To Be Opened Data retrieved from the Cockpit Voice Recorder (CVR) aboard the Germanwings Airbus A320 that went down in the F>[...]

Airborne 03.25.15: HR476 Opposed, AEA2015 LIVE Schedule, Airbus' 9000th A/C

Also: Nanchang CJ-6A, USAF T-X Program, UK AAIB Withholds Info, Aussie Aero-Politics, GPS Errors Found, ATC Reform House Bill HR 476 will eliminate G.I. training benefits for those>[...]

Airborne 03.26.15: Airbus Crash 'Pilot Induced', B-29 Rollout, CC Rockets Ready

Also: ALPA v UAVs, Aero-Community Update: XPrize, FAA Streamlines UAS COAs, Airport Infrastructure, ATC Reform, New SpaceX Rocket Data retrieved from the Cockpit Voice Recorder (CV>[...]

ANN's Daily Aero-Linx (03.27.15)

Fun Places To Fly It may still be cold and snowy where you are, but spring is here and the flying weather will soon start to get better everywhere.>[...]

ANN's Daily Aero-Term (03.27.15): Fly-By Waypoint

A waypoint designed to permit early turns, thus allowing the aircraft to roll out onto the center of the desired track to the next waypoint.>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2015 Web Development & Design by Pauli Systems, LC