Keyword: Airbus

Why plans to cap top-up pensions for France's bosses are just for show

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Left to right: Carlos Ghosn, formerly of Renault, Tom Enders who is leaving Airbus and Thierry Pilenko of TechnipFMC. © Reuters Left to right: Carlos Ghosn, formerly of Renault, Tom Enders who is leaving Airbus and Thierry Pilenko of TechnipFMC. © Reuters

Over the years there have been repeated scandals about the lavish top-up pensions awarded to the bosses of some of France's biggest firms, most recently involving Renault, Airbus and energy industry engineering firm TechnicFMC. Now, in a bid to end such controversies, the government's finance minister Bruno Le Maire is promising legislation to restrict the level of these lucrative perks. But as Mediapart's Martine Orange reports, the measure already looks as if it will be little more than window dressing.

Documents show how Airbus arranged secret commissions over aircraft sales in Egypt

By and Virginie Le Borgne
Thomas Enders, left, and Louis Gallois were joint CEOs of Airbus between 2005 and 2007. © Reuters Thomas Enders, left, and Louis Gallois were joint CEOs of Airbus between 2005 and 2007. © Reuters

Secret documents obtained by Mediapart and German publication Der Spiegel show for the first time how Airbus gave direct orders to an intermediary to hand out 9.5 million euros in commissions to help clinch the sale of its aircraft in Egypt. This deal is now being examined by France's fraud prosecution unit and British fraud detectives who are carrying out a major investigation into alleged corruption by the giant European aircraft manufacturer. Yann Philippin and Virginie Le Borgne report.

French PM flies into storm over 350,000-euro jet charter

French Prime Minister Edouard Philippe is at the centre of controversy over his decision to charter a luxuriously equipped Airbus plane at a cost of 350,000 euros to fly him and his staff back to France from Japan, leaving a French air force jet at his disposition to return empty, which he said was because of night-flight comfort and the need to return early to Paris before President Emmanuel Macron left on a foreign trip.  

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

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Jean-Paul Gut, director of EADS International and group strategy until June 2007. © dr Jean-Paul Gut, director of EADS International and group strategy until June 2007. © dr

The former commercial director of EADS – now Airbus – Jean-Paul Gut, who set up the commercial and marketing system that is now at the centre of parallel corruption investigations by French and British police, received a 'golden parachute' of around 80 million euros, it can be revealed. A joint investigation by Mediapart and German weekly Der Spiegel also shows that the European aerospace group was willing to continue using Gut as a highly-paid consultant even after he left his lucrative post in 2007.

The huge corruption scandal threatening Airbus

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Airbus is one of Europe's flagship industrial groups. Airbus is one of Europe's flagship industrial groups.

The French and British investigations into alleged corruption at the European aerospace and defence group Airbus centre on claims that hundreds of millions of euros of hidden commissions were paid out as part of massive export deals. Here Mediapart reveals details of a secretive system which flourished inside the group for 15 years and which today threatens some of its most senior figures. Martine Orange and Yann Philippin investigate.

Airbus urges France to join new European fighter programme

Airbus military aircraft division boss Fernando Alonso said he 'really' hopes that France will join development of a German-Spanish project to build a new fighter aircraft, while adding that Britain's withdrawal from the EU made it 'difficult' to envisage its involvement in the programme.

Airbus row: Polish official says 'we taught French to use the fork'

After furious reaction from France to a last-minute decision by Poland not to buy 50 Airbus-built helicopters, the Polish deputy defence minister slammed Paris for disinviting Poland from an arms fair and claimed his country taught the French how to use cutlery. 

Hollande scraps Poland trip in 'anger' over lost Airbus deal

French president said to be dismayed that Warsaw has ditched plans to buy 50 Caracal helicopters, claiming deal was not in Poland's interests.

France sells military helicopters to Kuwait in €1 bn deal

Agreement to buy the Airbus Caracal helicopters is part of a 2.5 billion euro package of deals that the two countries agreed in October 2015.

Barcelona - Paris flight narrowly misses drone

Officials says Air France Airbus A320 was flying at 5,500 feet as it neared Charles de Gaulle airport when co-pilot noticed drone approaching.

France welcomes Iran's president — and his cheque book

Deal marking French automaker Peugeot's return to Iran anounced, as Iranian president's visit overcomes lunchtime wine menu disagreement.

Rouhani due in Paris as Iran drums up business with French

Iranian president Hassan Rouhani expected to secure valuable trade deals following lifting of sanctions over Iran's nuclear programme.

Arianespace staff blast liftoff into privatisation

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Lancement d'Ariane 5 © Arianespace Lancement d'Ariane 5 © Arianespace

Control of Arianespace, the pan-European company that provides commercial launch services for spacecraft, is to be handed over to a joint venture between Airbus Group and French aero-engine maker Safran. The privatisation, via a transfer of majority shares in the company held until now by the French national space studies agency, the CNES, is expected to be formally detailed at the Paris Air Show which opens on Monday. The move has accentuated mounting tensions between staff and management of the company, amid fears of job cuts and the end of a 35-year collective public adventure that spearheaded the European space industry. Martine Orange reports on the deep malaise surrounding a controversial privatisation to be underwritten by taxpayers.

Air France Paris-Tunis flight turns back after emergency at 36,000 feet

The Airbus A319 landed safely at Paris Charles de Gaulle airport after reportedly developing 'technical' problems one hour into its flight.

French air crash death toll put at 150

What caused the German airliner to crash near Digne in southern France remains unknown but initial suggestions point to mechanical failure.