Aviation news analysis
50 SKY SHADES - World aviation news

UK opens corruption probe into Airbus jet sales

Download: Printable PDF Date: 07 Aug 2016 15:10 category:
Publisher:
UK opens corruption probe into Airbus jet sales - Manufacturer publisher
Tatjana Obrazcova
Country: United Kingdom Aircraft: Airplanes
Source: Reuters

Britain's Serious Fraud Office has launched a formal investigation into suspected fraud, bribery and corruption in connection with commercial plane sales by Airbus, parent company Airbus Group said on Sunday.

A UK government agency this year suspended the issue of export credits to Airbus, citing discrepancies in declarations by the plane maker on the use of third-party intermediaries during jet sale negotiations.

The agency, UK Export Finance, had said it was referring the discrepancies to the SFO, which would decide whether to launch a criminal investigation.

"Airbus Group has been informed by the SFO that it has opened a criminal investigation into allegations of fraud, bribery and corruption in the civil aviation business of Airbus Group relating to irregularities concerning third party consultants," the company said in a statement.

"Airbus Group continues to cooperate with the SFO."

French and German agencies have also halted export credits to the plane maker, which support deliveries to airlines with limited access to commercial funds.



Loading comments for UK opens corruption probe into Airbus jet sales...


Recommended

Successful year of Falcon Aviation Highlighted at MEBAA 2018

New Dubai DWC facility shaping up to be Premier Business Jet MRO base Formal opening of DWC MRO hangar in Q1 2019 Formulates Turboprop Aircraft MRO at Al Bateen, Abu Dhabi  Falcon Avi...

Boeing Delivers First 787-9 Dreamliner for Royal Air Maroc

Larger and longer-range Dreamliner to help airline expand service to Europe, United States, Latin America Morocco's flag carrier unveils new interior and special livery on inaugural 787-9 Bo...

Longest-Range Business Jet Ever with BBJ 777X

Airplane can connect virtually any two cities in the world Boeing Business Jets also announces new order for its best-selling BBJ MAX  Boeing Business Jets today announced it is launchi...

Gothenburg Landvetter Airport welcomes Qatar Airways’ Inaugural Flight

Qatar Airways’ first non-stop flight from Doha to Gothenburg, Sweden landed at Gothenburg Landvetter Airport, marking the airline’s second gateway into Sweden. Qatar Airways flight 177, op...