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With the 737 Max 8 crisis still looming over Boeing, you’d think its only competitor Airbus would be benefitting—but the French airplane manufacturer was hit with its own bad news today.
Airbus announced that it has agreed to pay $3.99 billion in global penalties over allegations of “foreign bribery”—payments made to officials to win foreign contracts. The settlement was reached between Airbus and prosecutors from the U.S., U.K. and France.
“Airbus engaged in a multiyear and massive scheme to corruptly enhance its business interests by paying bribes in China and other countries, and concealing those bribes,” said Assistant Attorney General Brian A.
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