Airbus and SIDBI partner to promote helicopter financing in India

Tags: Economy/Finance

Airbus Helicopters and Small Industries Development Bank of India (SIDBI) have entered into a Memorandum of Understanding (MoU) aimed at financing helicopter purchases in India.

An Overview of the News

• The MoU entails Airbus Helicopters and SIDBI jointly identifying potential civil helicopter operators in India interested in financing solutions for purchasing helicopters.

• Airbus will contribute technical expertise and knowledge of the helicopter industry, while SIDBI will evaluate prospects and provide financing exclusively for Airbus.

• Rahul Priyadarshi, Chief General Manager at SIDBI, views this collaboration as a new avenue for financing MSMEs in the helicopter segment, marking SIDBI's entry into helicopter financing.

• Sunny Guglani, Head of Airbus Helicopters, India and South Asia, sees this partnership as a significant step towards making civil helicopters more accessible in India, emphasizing their role in nation-building.

• This collaboration signifies SIDBI's expansion into helicopter financing, addressing the financial and developmental needs of India's rotary wing sector.

About SIDBI

• It is the top authority governing the licensing and regulation of finance firms focused on MSMEs in India.

• Chairman & Managing Director-  Sivasubramanian Ramann

• Formed - 2 April 1990

• Headquarters - Lucknow, Uttar Pradesh