Home Business NewsBusinessAviation News Airbus reaches settlement on bribery and corruption claims

Airbus reaches settlement on bribery and corruption claims

by LLB Editor
28th Jan 20 9:21 am

Airbus says it has agreed to reach a settlement with UK, French and US authorities regarding a probe into allegations of bribery and corruption.

The aircraft-maker said: “Airbus confirms that it has reached agreement in principle with the French Parquet National Financier, the UK Serious Fraud Office and the US authorities.

“These agreements are made in the context of investigations into allegations of bribery and corruption as well as compliance with the US International Traffic in Arms Regulations.

“They remain subject to approval by French and UK courts and US court and regulator.”

Airbus has been investigated by France and the UK over suspected corruption dating back over a decade. It has also faced investigations in the US over suspected violations of export controls.

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