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Airbus CEO Enders warns of "significant penalties" from corruption probes

Published 10/06/2017, 12:36 PM
© Reuters.  Airbus CEO Enders warns of "significant penalties" from corruption probes
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  • Airbus (OTCPK:EADSF, OTCPK:EADSY) CEO Tom Enders has warned staff of “turbulent and confusing times” amid anti-bribery and corruption investigations by France and the U.K., Reuters reports, citing an internal letter to staff.
  • Enders defended the decision to report anomalies to U.K. authorities, which had triggered the probes that could lead to "significant penalties" against the company; the CEO said he and the Airbus general counsel have the board’s backing to see the process through.
  • Separately, Airbus says it logged 56 orders for its single-aisle and wide-body jetliners in September, while performing 55 deliveries from across its commercial aircraft product families (Briefing.com).
  • Now read: New Love Story: Boeing (NYSE:BA) 747 And Qatar


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