Airbus Faces UK Criminal Probe over Export Control Violations

Airbus is under investigation by Britain's Revenue and Customs agency (HMRC) for potential breaches of export control regulations involving its UK entities. The probe was disclosed in the aerospace company's half-yearly earnings report. Airbus, which previously faced similar issues in the US, is fully cooperating with the authorities.

Airbus is currently under a criminal investigation in Britain for potential violations of export control regulations involving several of its UK entities, the aerospace group announced on Tuesday.

The investigation was revealed in the footnotes of its half-yearly earnings report. A spokesperson for Airbus confirmed that the company is fully cooperating with Britain's Revenue and Customs agency (HMRC) to rectify any identified deficiencies.

The probe follows an audit by UK export control authorities in 2022, and HMRC has declined to comment on the ongoing investigation. Airbus had previously settled similar charges in the US and paid substantial fines in a multinational agreement to resolve bribery and corruption claims.

(With inputs from agencies.)