After losing bank bond, AgustaWestland pins hope on arbitration

By Ajai Shukla Business Standard, 26th May 14 The defence minister’s corner office in South Block, New Delhi, which is readying for a new incumbent, has its first piece of work cut out. On Friday, an Italian court permitted the defence ministry (MoD) to encash bank guarantees worth Euro 228 million, after terminating a Euro 556 million deal with AgustaWestland for twelve AW-101



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