Air­bus strikes anti-cor­rup­tion deals with France, UK, US

Muscat Daily - - BUSINESS -

Euro­pean aero­space giant Air­bus said on Tues­day it had reached an ‘agree­ment in prin­ci­ple’ with the French, Bri­tish and US au­thor­i­ties over cor­rup­tion in­ves­ti­ga­tions.

Air­bus has been the sub­ject of cor­rup­tion probes in all three coun­tries in re­cent years and said it put out the state­ment in re­sponse to press re­ports.

The Fi­nan­cial Times re­ported on Mon­day that Air­bus could have to pay more than 3bn to set­tle the cor­rup­tion probes.

‘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,’ Air­bus said.

‘They re­main sub­ject to ap­proval by French and UK courts and [the] US court and reg­u­la­tor,’ it added.

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