Airbus Fined 81.25 Million Dollars in Germany

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Airbus has been dealt a fine of 81.25 million euros in the Eurofighter case in Germany. The European aircraft manufacturer remains in the sights of Austrian justice, in this investigation for alleged corruption around the sale of 18 fighter aircraft to Austria in 2003.

European aircraft manufacturer Airbus was inflicted Friday, February 9, a fine of 81.25 million euros in the Eurofighter case in Germany. An amount that allows however the European group to close the German part of this investigation for alleged corruption around the sale of 18 fighter jets to Austria in 2003.

“The large-scale investigations, in close cooperation with the Austrian authorities (…) have not brought any proof of payment of bribes,” said the German prosecutor in a statement. However, the public prosecutor considers that Airbus failed in its duty of supervision by allowing the former management to make payments of several million euros related to the contract and this “for unclear purposes”.

While the German part of this case is now closed, the aircraft manufacturer remains in the sights of Austrian justice. The investigations “continue independently” of the decision in Germany, said Friday a spokesman for the prosecutor’s office in Vienna.

Airbus is also the subject of several investigations, including the National Financial Office (PNF) in France and the Serious Fraud Office (SFO) in Britain for suspicion of corruption in transactions, for facts that Airbus had itself denounced in 2016. In January, the company was fined 104 million euros in the context of arbitration proceedings for a dispute dating back to 1992 and the sale of missiles in Taiwan by the group Matra subsequently acquired by the aircraft manufacturer.


 
                                             

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