In May 2024, Airbus Helicopters signed a Memorandum of Understanding (MoU) with which bank to provide financing solutions for the purchase of its helicopters in India?

Explanation

In May 2024, Airbus Helicopters signed an MoU with the Small Industries Development Bank of India (SIDBI) to provide financing solutions for civil helicopter operators in India interested in purchasing Airbus helicopters. While Airbus will offer its industry knowledge and technical expertise, SIDBI will be responsible for evaluating potential operators and financing them exclusively for the purchase of Airbus helicopters. Small Industries Development Bank of India Static Facts: • The Small Industries Development Bank of India (SIDBI) is the apex regulatory body for the overall licensing and regulation of micro, small and medium enterprise finance companies in India. • Established: 2nd April 1990 • Headquarters: Lucknow, Uttar Pradesh