Airbus nears settlements with US, UK, French investigators

PARIS (AP) — Airbus says it has reached potential settlement agreements with financial investigators in the U.S., Britain and France.

British and French authorities are investigating alleged fraud and bribery related to Airbus’ use of outside consultants to sell planes. U.S. authorities are also investigating Airbus' compliance with American arms trafficking regulations.

The European plane maker said in a statement Tuesday it has “reached agreement in principle” with the investigating bodies, but released no details. It said the potential settlement agreements must be approved by courts in the three countries.

Airbus, one of Europe's leading manufacturers, has suffered financially because of the investigations, and has promised to cut out middlemen from its business dealings.

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