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 09.26.16

Airborne 09.27.16

Airborne 09.28.16

Airborne 09.29.16

Airborne 09.30.16

Airborne Hi-Def On YouTube

Airborne 09.26.16

Airborne 09.27.16

Airborne 09.28.16

Airborne 09.29.16

Airborne 09.30.16

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

Missing PilotÂ’s Remains Bring Sister Closure After 51 Years

Mag. Dean Klenda Laid To Rest Sept. 17 Maj. Dean Klenda, an F-105 Thunderchief pilot, went to Vietnam in 1965. He never returned. His sister, Deanna, has been searching for answers>[...]

Airborne 09.30.16: ForeFlight/SiriusXM, FAA Takes On SMO, MH17 Shootdown

Also: Lynx Grounding, Drone Shooters, N Korean AirShow, Alaska Airlines, King Stallion, Embraer EMB 120, Pilot Arrested ForeFlight and SiriusXM have introduced SiriusXM Aviation we>[...]

Airborne 09.29.16: SpaceX Raptor, FAA v KSMO, First A330neo

Also: ISU Plane Mess, Redbird-NBAA-Deland, 1st Inuit Female Pilot, NTSB on Reno, Rotorwash, Air Tanzania Q400s, Av-Appreciation It looks like the concept of presidential candidates>[...]

Airborne 09.30.16: ForeFlight/SiriusXM, FAA Takes On SMO, MH17 Shootdown

Also: Lynx Grounding, Drone Shooters, N Korean AirShow, Alaska Airlines, King Stallion, Embraer EMB 120, Pilot Arrested ForeFlight and SiriusXM have introduced SiriusXM Aviation we>[...]

ANN's Daily Aero-Linx (10.01.16)

How To Make A Spaceship The story of the bullet-shaped SpaceShipOne, and the other teams in the hunt for the XPrize, is an extraordinary tale of making the impossible possible.>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2016 Web Development & Design by Pauli Systems, LC