Posted: Thu 20th Dec 2018

Airbus – Shares fall after report US Department of Justice opens corruption investigation

News and Info from Deeside, Flintshire, North Wales
This article is old - Published: Thursday, Dec 20th, 2018

Airbus CEO Tom Enders has said there is nothing new in reports published by French newspaper Le Monde that the US Department of Justice had officially opened an investigation into alleged corruption.

Shares fell around 6% after Le Monde reported Airbus had been informed at the end of the summer about the investigation by the DoJ.

The report says Airbus could face record fines of several billion euros as a result of the overall case, which dates back to 2016.

According the Reuters, Airbus said it was already co-operating with UK and French investigations triggered in 2016 by its own internal audit.

In a statement, it said it had previously disclosed that U.S. authorities had sought information on the case and added, “Here, too, Airbus is co-operating with the U.S. authorities in close coordination with the (British) SFO and (French) PNF.

Commenting on today’s Le Monde article, Airbus CEO Tom Enders said:

“I’m not surprised to see some more sniping out of Paris. Some people over there just don’t get it. Otherwise nothing new, investigation ongoing.”

Spotted something? Got a story? Send a Facebook Message | A direct message on Twitter | Email: News@Deeside.com
Latest News

  • North Wales’ NHS service ‘nowhere near good enough’ admits Betsi boss
  • Chester Zoo reintroduces one of world’s rarest plants into mystery Welsh location to help save it from extinction
  • Operation Darwin: Campaign aimed at reducing risk of motorcycle-related deaths launched in North Wales

  • More...

    North Wales’ NHS service ‘nowhere near good enough’ admits Betsi boss

    News

    Chester Zoo reintroduces one of world’s rarest plants into mystery Welsh location to help save it from extinction

    News

    Operation Darwin: Campaign aimed at reducing risk of motorcycle-related deaths launched in North Wales

    News

    Man who raped a teenager at a campsite near Chester jailed.

    News

    DECA Sealand industrial action ends after union secures improved pay deal.

    News

    MPs’ call for ‘modest’ increase in statutory sick pay

    News

    10m homes should read their energy meter this weekend

    News

    Are high street banks leaving Wales behind? MPs to examine access to cash

    News

    Easter travel rush: 18.5m journeys expected, says AA

    News