- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
Airbus announced this month the establishment of an independent review panel to help improve its compliance controls and culture, as the European aircraft maker faces numerous investigations into allegations of bribery and corruption across several countries.
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AirAsia is doing damage control after executives at the budget airline were referenced as recipients of a $50 million bribe from plane maker Airbus in the latter’s $4 billion global bribery settlement.
Airbus has agreed to pay a total of $4 billion in penalties split between the United States, United Kingdom, and France—the world’s largest global resolution for bribery.
Airbus confirmed it has reached a deal with authorities in the United States, the United Kingdom, and France to resolve long-running allegations of bribery and corruption. The settlement could reportedly be worth billions.
