Aerospace Diary

AIN DEFENSE PERSPECTIVE  »  FEBRUARY 15, 2013 An order for AW101 helicopters is now the subject of corruption investigations in both India and Italy. February 15, 2013, 8:00 AM The Indian government has begun the process to cancel its contract with AgustaWestland ( AW ) for 12  AW101   VIP  transport helicopters. On February 15, the country’s defense ministry gave  AW  seven days to respond to its its formal “show cause notice” seeking contract cancellation. The move follows the  February 13 arrest in Italy of Giuseppi Orsi , chairman and chief executive of its parent group Finmeccanica (and former  AW  chief executive). The Finmeccanica board last night appointed the group’s  COO  and  CFO  Alessandro Pansa to serve as chief executive and has named senior board member Admiral Guido Venturoni as vice chairman. As of press time, no announcement had been made about the future of ...

Neelam Mathews Feb 14, 2013 Press Statement The Board of Directors of Finmeccanica, confirms that the Company is fully operational, and has resolved to confer to Mr Alessandro Pansa, the powers and duties previously held by Mr Giuseppe Orsi, insuring comprehensive management of the Company and the Group.  Mr Pansa will exercise these powers under the title of Chief Executive Officer and Chief Operating Officer.  The Board also resolved to confer the role of Vice Chairman to Admiral Guido Venturoni, the most senior member of the Board and Lead Independent Director. Lastly, the Board resolved to convene the Shareholder Meeting on the 2nd of April at the first call and on the 15th of April at the second call, in order to complete the composition of the Board.