Airbus CEO warns of significant impact from corruption probes

PARIS (Reuters) - Airbus <AIR.PA> Chief Executive Tom Enders has warned staff of "turbulent and confusing times" amid French and UK anti-bribery and corruption investigations and urged them to support the aerospace group's top management and the board.

In a letter to 130,000 staff on Friday, Enders defended the decision to report anomalies to UK authorities, which had triggered the probes, and said he and general counsel John Harrison had the board's backing to see the process through.

The investigations could however lead to "significant penalties" against the group, he said, according to a text of the letter obtained by Reuters.

Airbus declined comment.

(Reporting by Tim Hepher; editing by John Irish)

10/06/2017 12:22

News, Photo and Web Search

Search News by Ticker