Keyword: Louis Gallois

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.

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.

Government-commissioned report says France must slash labour costs

President François Hollande is urged by both a government-commissioned report by former EADS boss, and by the IMF, to slash employment costs.