Indian scandal: Agusta has already sold 3 AW101 to others...

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Indian AW101s sold on to avoid potential loss

59 minutes ago

The already strained relations between India and AgustaWestland on the back of its stalled purchase of 12 VVIP-roled AW101 helicopters look set to worsen
after it was revealed that three of the aircraft originally destined for New Delhi have now been sold to "other customers".

Speaking to analysts during an 8 November results call, Alessandro Pansa, chief executive of AgustaWestland parent Finmeccanica,
said although it is still engaged in arbitration with the Indian government,
it has moved to mitigate against any potential financial loss.

"If the contract goes ahead we will produce more helicopters," he said.

"But the three helicopters which are in our warehouse have recently been sold."

Pansa did not detail the new customers for the aircraft, however.

So far only three AW101s have been handed over to the Indian air force – which "are flying without any technical problems", says Pansa –
but the remainder are in various stages of completion at its Yeovil, UK, site.

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1 hours ago

Finmeccanica denies cancellation of India AW101 deal

Finmeccanica has hit out against press speculation suggesting that India was on the verge of cancelling its controversial order for the 12 AgustaWestland AW101 helicopters and maintains the deal is still on with an arbitration meeting due to take place in the coming days.

A meeting scheduled between the two parties remains scheduled for 20 November, it says.

In addition AgustaWestland will "deliver the formal written response to the exceptions" raised by New Delhi in a show cause notice issued in October, asking it to explain why the contract should not be ended.