Regulations and Government
Airbus Establishes Legal Review Panel Amid Bribery Probe
Panel to consist of UK, French and German compliance experts
Airbus became the subject of a bribery probe by the UK Serious Fraud Office last August. (Photo: Airbus)
Airbus became the subject of a bribery probe by the UK Serious Fraud Office last August. (Photo: Airbus)

Airbus has established an independent panel composed of external consultants from Germany, France and the UK to review its compliance of anti-bribery laws, the company announced Monday. The move comes as authorities from the three countries continue their investigations of allegations of fraud, bribery and corruption at Airbus’s civil aviation business. Those probes effectively cut off Airbus’s access to export credit finance until they close. Export credit accounted for some 6 percent of funding for Airbus airliners in 2015 and, due to the investigation, virtually none last year.