(Reuters, Paris, 3 February 2020) Fallout from the Airbus bribery scandal reverberated around the world on Monday as the head of one of its top buyers temporarily stood down and investigations were launched in countries aggrieved at being dragged into the increasingly political row. Prosecution...
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2020/02/29
Country: France, Germany, Korea, Malaysia, United Kingdom
ECAs: UK Export Finance (UKEF)
Issue: Aircraft, Corruption
2020/01/29
Country: France, Germany, United Kingdom, USA
ECAs: UK Export Finance (UKEF)
Issue: Aircraft, Corruption
(Reuters, London, 28 January 2020) Airbus faces a record $4 billion fine and lower 2019 profits after unveiling a preliminary deal with French, British and U.S. authorities following a crippling three-year probe into allegations of bribery and corruption over jetliner sales. The European...
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2017/05/31
Country: France, Germany, United Kingdom
ECAs: COFACE, Euler Hermes Deutschland AG, UK Export Finance (UKEF)
Issue: Aircraft, Corruption
(Air Transport World, Arlington, 22 May 2017) Airbus has established a new independent compliance review panel (ICRP) to ensure “irreproachable” behavior, following allegations of fraud, bribery and corruption in its civil aviation business. The move follows an investigation by the UK Serious...
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2017/03/31
Country: France, United Kingdom
ECAs: COFACE, Export Finance and Insurance Corporation, UK Export Finance (UKEF)
Issue: Aircraft, Corruption
(AI News, Midland Park, 6 March 2017) France’s Parquet National Financier has joined the UK Serious Fraud Office in an investigation into allegations of fraud, bribery and...
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2016/07/30
Country: France, Germany, United Kingdom
ECAs: COFACE, Euler Hermes Deutschland AG, UK Export Finance (UKEF)
Issue: Aircraft, Corruption
(Reuters, Paris, 27 July 2016) Airbus Group has agreed with European governments a process for regaining access to export credits, suspended earlier this year over flawed disclosures on the use of third-party agents to help to sell passenger jets, the company said on Wednesday. In a footnote in...
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2016/04/30
Country: France, Germany, United Kingdom
Issue: Aircraft, Corruption
(Reuters, Paris/Berlin, 8 April 2016) - France and Germany have joined Britain in suspending export credit facilities for Airbus jet deliveries, expanding the fallout from a potential corruption probe in Britain, several people familiar with the matter said on Friday. The move follows Britain's...
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