Reading Time: < 1 minute SriLankan Airlines has sued Airbus for $1 billion for alleged corruption during the procurement of A350-900s and consequent damages and loss of reputation.  The issue traces back to the Crown Court judgment in the UK that found Airbus guilty of bribery concerning aircraft agreements. Sri Lanka’s flag carrier has also requested cancellation of the A350-900 […]

Reading Time: < 1 minute Britain’s Serious Fraud Office said on Sunday it had opened a criminal probe into Airbus Group, investigating allegations of fraud, bribery and corruption. “These allegations relate to irregularities concerning third party consultants,” the SFO said in a statement. The authority said it opened the investigation in July and asked anyone with relevant information to come […]