India’s burgeoning maintenance, repair and overhaul (MRO) industry received a much-needed boost after the government announced tax concessions on the import of spare parts and testing equipment. The government also extended the period for required installation of the parts and equipment to one year from three months. “The MRO sector is at a nascent stage. Encouraging the industry will generate employment besides other benefits,” Finance Minister P. Chidambaram said in a budget presentation to parliament.

NEW DELHI — India’s parliament plans to investigate allegations of bribery in the purchase of AgustaWestland AW101 helicopters, on top of the ongoing defense ministry-initiated probe into the deal. News of the probe comes as the U.K.-based subsidiary of Finmeccanica is demanding New Delhi furnish solid proof that it bribed officials to win the 12-aircraft, $750 million deal originally signed in 2010. India has suspended all payments and threatened to cancel the purchase altogether if the charges of bribery to middlemen both in India and abroad are proven.

Etihad Airways, which currently is in talks to purchase a stake in Jet Airways, has acquired the Indian carrier’s three pairs of slots at London Heathrow Airport. Under the deal, which is valued at $70 million, Jet will lease the slots from Etihad and continue to operate services to London.