MILAN (Reuters) - AgustaWestland has not been contacted by India's defence ministry over the possible cancellation of a helicopter deal, the company's parent group, Italy's Finmeccanica , said on Tuesday.
Three sources told Reuters on Tuesday India had decided to cancel a scandal-tainted 560 million euro deal to buy 12 helicopters for top politicians, prejudging the outcome of a meeting on Wednesday between company executives and Indian officials.
"Referring to press reports related to the possible cancellation of the contract for the supply of 12 VVIP AW101 helicopters to India, Finmeccanica confirms that its subsidiary company, AgustaWestland, has received no such communication from India's ministry of defence," Finmeccanica said in a statement.
The company said representatives of AgustaWestland confirmed a meeting with the Indian defence ministry remained scheduled for Wednesday.
AgustaWestland denied allegations it had violated the pre-contract integrity pact.
(Reporting by Agnieszka Flak, editing by Stephen Jewkes)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
