Chennai, 21st May 2024: Airbus Helicopters and Small Industries Development Bank of India (SIDBI), the Government of India’s principal financial institution for promoting, financing, and developing the Micro, Small and Medium Enterprise (MSME) sector, have signed a Memorandum of Understanding (MoU) for financing the purchase of Airbus’ helicopters in India.

The MoU was signed by Rahul Priyadarshi, Chief General Manager, SIDBI, and Sunny Guglani, Head of Airbus Helicopters, India and South Asia. Under the MoU, both Airbus Helicopters and SIDBI will identify potential civil helicopter operators in India who are interested in financing solutions for purchasing Airbus helicopters. Airbus will provide the technical and helicopter industry knowledge to SIDBI who will evaluate these prospects and finance them exclusively for Airbus.

Speaking on the occasion, Rahul Priyadarshi, Chief General Manager, SIDBI, said, “This a new area for financing to helicopter operators by SIDBI and is expected to open new avenues for financing MSMEs related to this segment.”

“The MoU with SIDBI opens a new chapter in making civil helicopters more accessible to operators in India, which will further position these rotary wing aircraft as a critical tool for nation building. Combining our unmatched product portfolio and industry expertise with SIDBI’s attractive financing solutions will play a pivotal role in the expansion of the civil helicopter market in India,” said Sunny Guglani, Head of Airbus Helicopters, India and South Asia.

This collaboration marks a significant foray of SIDBI into helicopter financing and meeting the financial and development needs of India’s fast-growing rotary wing sector.