Airbus: agrees to pay fine of E3.6bn
(CercleFinance.com) - Airbus has reached agreements with the French, British and US authorities.
These agreements will settle the investigations conducted by these authorities against it.
Airbus has thereby agreed to pay fines of 3,598 million euros plus interest and fees to the French, British and US authorities.
The agreements with each authority are as follows: the PNF - 2,083 million euros, the SFO - 984 million euros, the DoJ - 526 million euros and the DoS - 9 million euros, of which 4.5 million euros can be used by Airbus for remediation measures approved by the DoS.
Denis Ranque, Chairman of Airbus' Board of Directors, said, "Denis Ranque, Chairman of the Board of Directors of Airbus, stated: “The settlements we have reached today turn the page on unacceptable business practices from the past. The strengthening of our compliance programmes at Airbus is designed to ensure that such misconduct cannot happen again. The agreements also reflect that the decision to voluntarily report and cooperate with the authorities was the right one."
Copyright (c) 2020 CercleFinance.com. All rights reserved.
These agreements will settle the investigations conducted by these authorities against it.
Airbus has thereby agreed to pay fines of 3,598 million euros plus interest and fees to the French, British and US authorities.
The agreements with each authority are as follows: the PNF - 2,083 million euros, the SFO - 984 million euros, the DoJ - 526 million euros and the DoS - 9 million euros, of which 4.5 million euros can be used by Airbus for remediation measures approved by the DoS.
Denis Ranque, Chairman of Airbus' Board of Directors, said, "Denis Ranque, Chairman of the Board of Directors of Airbus, stated: “The settlements we have reached today turn the page on unacceptable business practices from the past. The strengthening of our compliance programmes at Airbus is designed to ensure that such misconduct cannot happen again. The agreements also reflect that the decision to voluntarily report and cooperate with the authorities was the right one."
Copyright (c) 2020 CercleFinance.com. All rights reserved.