AgustaWestland attempts to save India AW101 contract
AgustaWestland is preparing for last-ditch negotiations following a decision by the Indian government to cancel the procurement of 12 VVIP AW101 helicopters.
In a statement issued on 2 January, AgustaWestland ‘welcomed’ an announcement by India’s Ministry of Defence that it had appointed an arbitrator for its end, despite receiving a ‘notice of termination’ regarding the $750 million contract the same day.
The Anglo-Italian company has been pressing for arbitration since November 2013 – when it announced the appointment of its own arbitrator – and continues to maintain that the accusations of corruption within the helicopter deal are baseless.
According to
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