Airbus reaches ‘agreement in principle’ over corruption probe

Airbus has reached an “agreement in principle” with French, UK and US authorities over an investigation into allegations of bribery and corruption.

The planemaker said it could not comment on precise details of its talks with the French Parquet National Financier, the UK Serious Fraud Office and the US authorities, but confirmed it had reached an agreement with all three.

Airbus has been investigated by French and British authorities for almost four years over suspected corruption dating back more than a decade.

The Serious Fraud began its investigation in July 2016 over claims of fraud, bribery and corruption in Airbus’s civil aviation group.

The allegations related to irregularities concerning third party consultants.

Mark Gibson

Graduates in Northwestern University, Evanston, Illinois 1990. Move to Los Angeles California in 2004. Specialized in Internet journalism.

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