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 08.24.15

Airborne 08.25.15

Airborne 08.26.15

Airborne 08.27.15

Airborne 08.28.15

Airborne Hi-Def On YouTube

Airborne 08.24.15

Airborne 08.25.15

Airborne 08.26.15

Airborne 08.27.15

Airborne 08.28.15

EAA/ANN AirVenture Innovation Preview

AIP-#1 Vimeo

AIP-#2 Vimeo

AIP-Part 1 YouTube

AIP-Part 2 YouTube

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

Aero-News: Quote Of The Day (08.31.15)

"Would we be willing to fly them in our plane to Paris? ... Yeah, we'd be happy to do that." Source: Columbia Sportswear CEO Tim Boyle's reply to his company pilot, Doug Perrill, w>[...]

RFP: ANN Considering Future Options For HQ Relocation

A Very Bright Future For ANN, Aero-TV, and Airborne May Require Some New Digs ANN may be looking for a new home... hopefully, a permanent one. We're currently inviting proposals fo>[...]

Airborne 08.28.15: 'Big' Bezos Announcement?, MA Aero-Taxes, Harrison Ford

Also: Barnstorming: The FAA v Hoover Fight Ain’t Over, Hail-Damaged Dreamliner, UAV Shooter Charged, NASA Global Hawk, MiG-21 Lancers, ICAO Manual Blue Origin founder and Ama>[...]

Klyde Morris (08.31.15)

We're Not Sure that Klyde Needs A Refresher THAT Bad... FMI: www.klydemorris.com>[...]

Aero-TV: "That's All Brother" -- Restoring a True Piece of Military History

History Comes Alive Thanks to A Magnificent CAF Effort The story of the Douglas C-47 named, “That’s all Brother,” is fascinating from two points of view. First, i>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

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