AgustaWestland has invoked its contractual right to arbitration over the bribery scandal that tainted its sale of AW101 helicopters to India for VIP transport. India has suspended payments on the €560 million ($762.91 million) contract to buy 12 AW101s and has threatened to cancel the purchase of the helicopters if the charges of bribery to middlemen both in India and abroad are proven. AgustaWestland asserts such a move would violate the terms of the 2010 contract. “While the ...


"AgustaWestland Invokes Right To Arbitration In Indian Helo Deal" is Premium Content. Subscribing will provide full access to this article as well as the opportunity to access:
-- Critical intelligence on the global aviation, aerospace & defense industries
-- Consolidated, comprehensive coverage of the programs and technologies shaping the industry
-- And much more…

Already registered? here.