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Airbus To Pay U.S. Nearly $600 Million To Settle Bribery, Corruption Allegations

Cal Biesecker By
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Airbus To Pay U.S. Nearly $600 Million To Settle Bribery, Corruption Allegations
Airbus Chairman Denis Ranque. Photo: Airbus

The Department of Justice last Friday said that Airbus Group has agreed to pay the U.S. government $592 million to settle bribery and corruption charges related to commercial aircraft sales and violations of arms control laws. The settlement with the U.S. is part of a larger $3.9 billion agreement with legal authorities in France and Britain to settle bribery and corruption allegations. In return, the governments of all three companies agreed to suspend prosecution of Europe-based Airbus for three years,…

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