Airbus's 80 million-euro golden parachute to former executive

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It is one of the documents that European aerospace group Airbus would doubtless have preferred not to have fallen into the hands of criminal investigators. But both the French national financial crimes unit the PNF and the Serious Fraud Office in London demanded to see it. It is a contract that sheds light on certain management practices at Airbus – formerly EADS – those little arrangements between friends that senior executives at the group did not want to go into detail about. For the document detailing the departure terms of Jean-Paul Gut, the man who handled all “difficult” commercial deals and especially those in Gulf states, at EADS and its French predecessor until 2007, is most certainly an unusual contract.