Airbus warns of potential hit from fraud probes

investments

European aircraft maker Airbus warned Tuesday that various investigations into alleged fraud, bribery and corruption could impact its earnings. Airbus also said it was still battling delivery problems of the new fuel-efficient engines made by Pratt and Whitney for its A320neo jet, even if tailwinds from exchange rate effects boosted its bottom line in the third quarter. “The investigations initiated by the UK’s Serious Fraud Office (SFO) and France’s Parquet National Financier (PNF)… could have a material impact on the financial statements, business and operations of Airbus,” the group said in a statement.


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