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Airbus fined 104 mn euros over Taiwan missile affair

Airbus fined 104 mn euros over Taiwan missile affair

AFP / File / LOIC VENANCE
Airbus, which this week to sell China 184 A320 planes by 2020, said in a statement it was ordered to pay the fine “for a complaint of breach of the contract of the missile”
Airbus said Saturday it had been fined 104 million euros for a dispute dating from 1992 over to missile sales in Taiwan by the Matra group, which was later acquired by the giant aerospace. Airbus, which this week to sell China 184 A320 planes by 2020, said in a statement that it was ordered to pay the fine “for a complaint of breach of contract concerning the sale of missiles”.
Matra Defense S.A.S., which joined the Airbus Group in 1998, said for its part, “the study of the fine and the next steps”, the statement said. An Airbus spokesman declined to provide details on the case when contacted by AFP. In a separate case, the European group said it was in discussions with prosecutors in Munich that it could close to the Eurofighter jets to Austria. In February, Austria sued Airbus over a 2003 Eurofighter deal that was lengthy to be highly shady, seeking up to € 1.1 trillion ($ 1.2 trillion) in damages. Austria’s defense ministry said at the time that the lawsuit accused Airbus and the Eurofighter consortium of deliberately hoodwinking Vienna over the two-billion-euro order. At the time Airbus chief Tom Enders was head of the defense division of the European Aeronautic Defense Space Company, which became the Airbus Group in 2014. “We will reveal the results when the investigation is closed,” the Airbus statement said.

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