Airbus faces criminal probe in Britain over potential export control breach

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Airbus faces criminal probe in Britain over potential export control breach - Business Standard

Quick Summary:

In 2017, Airbus said it had discovered and reported to US authorities inaccuracies in past declarations to the State Department over the sale of goods and services under ITAR.

The ending of the three-year monitoring period was delayed to October last year after Airbus asked for more time to complete the process after diverting internal resources to ensuring it complied with Western sanctions against Russia.

The British criminal probe puts Airbus back in the judicial spotlight, albeit on what so far appears to be a relatively limited scale, just as Boeing wrestles with the fallout from criminal probes into its handling of the safety of the 737 MAX.