Airbus fined 104 mn euros over Taiwan missile affair

Airbus said Saturday it had been fined 104 million euros for a dispute dating from 1992 over missile sales to Taiwan by the Matra group, which was later acquired by the aerospace giant.Airbus, which this week agreed to sell China 184 A320 planes by 2020, said in a statement it had been ordered to pay the fine "for a complaint of breach of contract concerning the sale of missiles".Matra Defence S.A.S., which joined the Airbus group in 1998, said for its part it was "studying the fine and evaluating next...

Read More »

By: France 24 - 7 days ago

Related Posts