Date: 22nd February 2023
Author: BETTER FINANCE
Type: Press Releases
BETTER FINANCE, The European Federation of Investors and Financial Services Users, joins forces with Stichting Investor Loss Compensation (SILC), assisting Airbus shareholders recover losses resulting from Airbus’ involvement in bribery practices and other wrongful conducts.
Largest ever penalty on global bribery practices
On 31 January 2020, Airbus – the global supplier of aircrafts, and Europe’s largest aerospace multinational – announced that it had reached a settlement with French, US and UK authorities. Airbus paid combined penalties of €3.6 billion to avoid prosecution over landing contracts via bribery to airline executives and government officials in 20 countries between 2004 and 2016. This represents the largest foreign bribery fine to date in Europe.