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 ...
THIS CONTENT REQUIRES SUBSCRIPTION ACCESS
You must be a paid subscriber to access "AgustaWestland Invokes Right To Arbitration In Indian Helo Deal".
Current Aviation Week Intelligence Network (AWIN) enterprise and individual members: please go to http://awin.aviationweek.com for access.
Not currently a subscriber? Click on the "Learn More" button below to view subscription offers.