The European aircraft manufacturer Airbus has reached an agreement with France, the United Kingdom and the United States on a settlement in a bribery case. That agreement still needs to be ratified by judges in the three countries. The American regulator also has something to say about it.
The bribery case revolves around the use of intermediaries to win contracts for aircraft. As a result of the case, almost all directors of the company have left or retired in recent years.
Details of the settlement reached were not disclosed. According to analysts, a global settlement could cost Airbus around 3 billion pounds. The same experts also indicate that this is the time to make such a settlement now that major competitor Boeing is still suffering from the scandal around the 737 MAX.