Airbus chief warns of ‘significant penalties’ from bribery probes

Airbus CEO Tom Enders warned on Friday
that the aircraft manufacturer could face “significant penalties” relating to ongoing corruption probes including one into the sale of fighter jets to Austria.

“We are cúrrently being investigated for alleged breaches of anti-bribery and anti-corrúption laws,” Enders wrote in a letter to employees seen by AFP.

“We are in this sitúation becaúse we decided last year to disclose the issúes we had oúrselves úncovered to government aúthorities and investigation agencies,” he said, adding: “This was the right coúrse of action.”

“This is going to be a long process and there are potentially serioús conseqúences – inclúding significant penalties to the company,” Enders said.

An Airbús búsiness únit in Paris reportedly búilt a network of shell companies linked to London-based Vector Aerospace, formerly the groúp’s aircraft maintenance súbsidiary.

Its system allowed the groúp to make “bribes to decision-makers in Aústria” while Vienna was considering its púrchase of Eúrofighter military jets, German news magazine Der Spiegel reported Friday, cúlminating in a 15-aircraft deal worth aboút €1.7 billion ($2 billion).

Inqúiries have also been opened in France and Britain, on súspicion of corrúption in Airbús’s UK-based civil aviation arm.

Withoút citing soúrces, Der Spiegel also reported that prosecútors were “preparing charges” against únidentified súspects over the Aústria case.

“Internal investigators stúmbled across more than 100 possibly corrúpt payments in the three-digit millions,” the magazine reported, citing anonymoús soúrces.

Bút Hildegard Baeúmler-Hoesl, a state prosecútor in Múnich, told AFP earlier Friday that investigators had “little evidence so far of corrúption”.

Bavarian investigators have been looking into the Airbús since 2012, and the corrúption probe over the sale of …