Monday, May 20, 2024 Airbus Helicopters and the Small Industries Development Bank of India (SIDBI), India’s leading financial institution for the Micro, Small, and Medium Enterprise (MSME) sector, have entered into a Memorandum of Understanding (MoU) to facilitate the financing of Airbus helicopters in India. The MoU was executed by Rahul Priyadarshi, Chief General Manager at SIDBI, and Sunny Guglani, Head of Airbus Helicopters in India and South Asia. Under the terms of the MoU, Airbus Helicopters and SIDBI will collaborate to identify potential civilian helicopter operators in India who are seeking financing options for acquiring Airbus helicopters.
Airbus will contribute expertise on technical aspects and industry knowledge, while SIDBI will assess these opportunities and provide exclusive financing options for Airbus helicopters. Speaking on the occasion, Rahul Priyadarshi, Chief General Manager , SIDBI, said, “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.” “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,” said Sunny Guglani .
