Keyword: EADS

The secret Kazakh bung worrying Airbus

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Kazakh president Nursultan Nazarbayev (left) with then French president Nicolas Sarkozy in Astana on October 6th 2009 when they signed the contract for two EADS satellites. © Reuters Kazakh president Nursultan Nazarbayev (left) with then French president Nicolas Sarkozy in Astana on October 6th 2009 when they signed the contract for two EADS satellites. © Reuters

A French judicial investigation into suspected corruption surrounding the sale to Kazakhstan of satellites made by aerospace giant EADS, now renamed Airbus Group, has discovered the trace of a mysterious payment of 8.8 million euros made by the group to an offshore company whose true owners are unknown, apparently even to Airbus. The investigation also centres on the sale to Kazakhstan by EADS of 45 helicopters, and the deepening scandal implicating Airbus in what has become dubbed “Kazakhgate” is joined by separate probes in France and Britain into the group’s alleged corrupt practices in past sales of its civil aircraft. Martine Orange and Yann Philippin report.

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 evidence implicating Airbus CEO Tom Enders in Eurofighter 'slush fund'

By Martine Orange, Yann Philippin et Lea Fauth
Airbus Group CEO Thomas Enders. © Reuters Airbus Group CEO Thomas Enders. © Reuters

A joint investigation by Mediapart and German weekly Der Spiegel reveals here how Airbus Group chief executive Thomas Enders has become personally implicated in allegations that the aerospace giant created a slush fund to pay intermediaries secret commissions, and “sweeteners” to politicians, in order to obtain a contract for the sale of 18 Eurofighter Typhoon jets to Austria. Martine Orange, Yann Philippin and Lea Fauth report.

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.

French state sells 2.1% EADS stake

France has raised €707 million from a sale of part of its shares in Airbus parent EADS, the latest step to simplify the group's ownership structure.

This French elite on a merry-go-round of fat-cat jobs

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The nominations last weekend of Anne Lauvergeon and Jean-Claude Trichet as France’s representatives on the re-vamped board of European aerospace and defence group EADS was anything but a surprise, argues Mediapart’s finance and economy specialist Martine Orange. Both are from an elite composed of graduates of France’s grandes écoles and former senior civil servants who are on a life-long merry-go-round of top jobs and fat salaries, and whose purportedly immeasurable talents have overseen the break-up and bankruptcy of the French economy.

EADS-BAE merger 'wrecked by Germany'

EADS and BAE Systems on call off their planned $45 billion merger, which would have created the world's largest aviation and defence group.

EADS-BEA yet to convince Germany as merger deadline looms

EADS and BAE are struggling to convince Germany and skeptical investors to back their merger plan, less than three days before a regulatory deadline.

Paris 'wants French and German blocking stake' in EADS-BAE merger

French government moves to give it and Germany a blocking minority stake in mooted EADS-BAE tie-up has UK concerned the deal could be scuppered.