SIDBI & Airbus Helicopters Signed MoU for Helicopter Financing in India

Current Context: On May 20, 2024, in New Delhi, India, Airbus Helicopters and the Small Industries Development Bank of India (SIDBI) signed a Memorandum of Understanding (MoU) for financing the purchase of Airbus’ helicopters in India.

• The agreement was led 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.
• 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.

Question:

Q1. What is the main objective of the MoU between Airbus Helicopters and SIDBI?

• a) To finance the purchase of Airbus airplanes in India
• b) To finance the purchase of Airbus helicopters in India
• c) To finance the purchase of Boeing helicopters in India
• d) To finance the purchase of Airbus helicopters in Australia

Answer: B) To finance the purchase of Airbus helicopters in India