Jay Menon

India Correspondent

Delhi, India

Summary

Articles

Jay Menon (New Delhi), Leithen Francis (New Delhi)
India trims its defense budget but claims major buys are on track
Defense and Space

Jay Menon
NEW DELHI — India’s parliament plans to investigate allegations of bribery in the purchase of AgustaWestland AW101 helicopters, on top of the ongoing defense ministry-initiated probe into the deal. News of the probe comes as the U.K.-based subsidiary of Finmeccanica is demanding New Delhi furnish solid proof that it bribed officials to win the 12-aircraft, $750 million deal originally signed in 2010. India has suspended all payments and threatened to cancel the purchase altogether if the charges of bribery to middlemen both in India and abroad are proven.
Defense and Space

Jay Menon
Etihad Airways, which currently is in talks to purchase a stake in Jet Airways, has acquired the Indian carrier’s three pairs of slots at London Heathrow Airport. Under the deal, which is valued at $70 million, Jet will lease the slots from Etihad and continue to operate services to London.
Business Aviation