Airbus SE agreed to settle allegations of bribery in three countries in a deal that will likely see the the European airplane manufacturer pay billion of dollars to move past an investigation that has shadowed it for four years.
A final agreement with the U.K., France and the U.S. could total in the range of $3 billion according to people familiar with the matter. It could be announced as soon as this week, though the timing may slip to February, said the people, who asked not to be named discussing private negotiations. Airbus shares jumped on the deal, which comes at a time when its main competitor, Boeing Co., is struggling with the grounding of its 737 Max aircraft following two deadly crashes.
The full original article can be found at Bloomberg