Airbus has halted sales of a new book that the planemaker had commissioned for its 50th anniversary to avoid hampering the manufacturer’s attempts to win a settlement in a bribery probe, two people familiar with the matter said.
The two people said Airbus halted the book’s sales because it was concerned its official links to the publication could hamper talks with the authorities or discussions over other litigation as it seeks a fresh start under new management.
Now, that's odd.
It says the book had been circulated for reviews but plans to distribute it at the Paris Air Show were scrapped at the last minute.
If anyone has a copy (apparently Leeham does) they should hold on to it, it may become quite valuable if it never gets officially released.
TFA also says:
The move is the latest sign of tension in Airbus (AIR.PA) as it nears the climax of a roughly $400 million, four-year internal probe carried out in support of an Anglo-French investigation into the use of intermediaries to win jetliner and other deals.
Airbus has already fired more than 100 people over ethics and compliance issues as its probe has progressed.
Sources said Airbus hoped to present its findings to the UK Serious Fraud Office and France’s PNF police by the end of the year. By doing so, they said it would seek more leniency under a system of prosecution agreements that allows for heavy fines rather than charges that might bar it from public contracts.
It seems Airbus is being given the chance to clean house internally then plea for leniency in the hopes of avoiding the death sentence, being barred from public contracts.
If that's the way it works out, I'm fine with it. It seemed pretty harsh to lose access to defense sales just because some jetliner salesmen were slimy.