DGAP-Adhoc: Airbus reaches agreement in principle with French, U.K. and U.S. authorities

2020. január 28., kedd, 19:15





DGAP-Ad-hoc: Airbus SE / Key word(s): Agreement


Airbus reaches agreement in principle with French, U.K. and U.S. authorities


28-Jan-2020 / 19:15 CET/CEST


Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.


The issuer is solely responsible for the content of this announcement.




Ad-hoc release, 28 January 2020



Airbus reaches agreement in principle with French, U.K. and U.S. authorities



In the context of the investigations by the French Parquet National Financier (PNF), the U.K. Serious Fraud Office (SFO) and the U.S. authorities, Airbus has reached agreement in principle with the authorities.



The investigations by the above authorities relate to allegations of bribery and corruption and to inaccuracies in filings made with the U.S. authorities pursuant to the U.S. International Traffic in Arms Regulations (ITAR).



The agreement with the SFO was the subject of a preliminary court ruling today and will require final judicial approval in a U.K. court. Furthermore, agreements with the PNF and the U.S. authorities also remain subject to approval by French court and U.S. court and regulator, respectively. The court hearings in France, the U.K. and the U.S. are expected to take place on 31 January 2020.



If approved by the courts, the agreements will result in Airbus taking a provision of € 3.6 billion for the payment of potential penalties to the French, U.K., and U.S. authorities, which will be booked in Airbus" 2019 accounts.



Further details will be provided once the agreements have been finalised.


Airbus will continue to cooperate with the authorities.



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About Airbus

Airbus is a global leader in aeronautics, space and related services. In 2018 it generated revenues of € 64 billion and employed a workforce of around 134,000. Airbus offers the most comprehensive range of passenger airliners. Airbus is also a European leader providing tanker, combat, transport and mission aircraft, as well as one of the world"s leading space companies. In helicopters, Airbus provides the most efficient civil and military rotorcraft solutions worldwide.



Contacts for the media

Guillaume Steuer guillaume.steuer@airbus.com +33 6 73 82 11 68

Stefan Schaffrath stefan.schaffrath@airbus.com +33 6 16 09 55 92











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Language: English
Company: Airbus SE

P.O. Box 32008

2303 DA Leiden

Netherlands
Phone: 00 800 00 02 2002
Fax: +49 (0)89 607 - 26481
Internet: www.airbusgroup.com
ISIN: NL0000235190
WKN: 938914
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 962935





 
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962935  28-Jan-2020 CET/CEST







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