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Airbus finalises EUR3.6 billion settlements in bribery and export case

03 February 2020
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Airbus has finalised agreements with authorities in France, the United Kingdom and the United States to pay EUR3.6 billion (USD4 billion) in penalties to settle allegations that the aerospace company engaged in bribery and corruption and filed inaccurate export licence applications.

Under the agreements, which Airbus announced on 31 January, the France-based company will pay EUR2.083 billion to the French Parquet National Financier (PNF), EUR984 million to the UK Serious Fraud Office (SFO), EUR526 million to the US Department of Justice (DoJ), and EUR9 million to the US Department of State (DoS). Airbus may use half of the DoS penalty to improve its compliance with export control rules.

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