UPDATE – Airbus has reached a settlement with the French Financial Prosecutor’s Office (PNF) to avoid prosecution and a potential substantial fine in two corruption cases. The cases involve the acquisition of civil aircraft, helicopters, and satellites by Libya...
Boeing has settled with the US Securities and Exchange Commission (SEC) to pay a $200 million fee for misleading public statements after the two fatal accidents of the MAX in October 2018 and March 2019. Former Boeing President and CEO Dennis Muilenburg will pay $1...
Indian no-frills carrier SpiceJet has entered into a settlement deal with De Havilland Canada (DHC). The Canadian company had earlier this year taken SpiceJet to UK courts to recover $42.9 million for failing to make pre-delivery payments after ordering 25 Dash-8-400...
Airbus has reached an agreement with the French, British, and American authorities to settle the long-running bribery case. The OEM settled the case for EUR 3.598 billion in court hearings in France, the UK, and the US on January 31. Earlier this week Airbus already...
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