European aerospace giant and two Israeli arms firms win EU contracts totalling €100m
Airbus and two Israeli arms companies will be paid €100m (£91m) to operate unmanned drones to spot refugees and migrants attempting to cross the Mediterranean sea to Europe, according to EU contracts.
Drone operations over the Mediterranean will start next year, after testing carried out on the Greek island of Crete.
Continue reading...Video conferencing may have shown it can replace plenty of physical business gatherings over the past couple of months, but there are some occasions when it just doesn’t cut it.
Take this week’s easyJet general meeting, part of the latest in the series of sensational scraps between its founder, Sir Stelios Haji-Ioannou, and the budget airline’s board. It is hard to see how something will not be lost with everyone out of lapel-grabbing reach.
Continue reading...Sir Stelios Haji-Ioannou seeks ‘whistleblower’ to help scupper airline’s £4.5bn, 107-plane deal
EasyJet founder Sir Stelios Haji-Ioannou is offering £5m to any “whistleblower” providing him with information that scuppers the budget airline’s 107-plane order from Airbus.
Haji-Ioannou, who has been attempting to force easyJet’s board to cancel the order for months, says the £4.5bn deal will leave the carrier without enough cash to survive the coronavirus crisis.
Continue reading...Stelios Haji-Ioannou, easyJet’s biggest shareholder, has repeatedly tried to get order cancelled
EasyJet has agreed with Airbus to delay the delivery of 24 new aircraft as the budget airline tries to stave off a shareholder rebellion led by its founder and former chief executive, Stelios Haji-Ioannou.
Haji-Ioannou, easyJet’s biggest shareholder, has repeatedly called for easyJet to cancel its orders for new planes, with coronavirus lockdowns likely wiping out months of revenues.
Continue reading...UK court sanctions fines after firm admits using agents across world to bribe officials to land high-value contracts
Airbus, Europe’s largest aerospace multinational, is to pay a record £3bn in penalties after admitting it had paid huge bribes on an “endemic” basis to land contracts in 20 countries.
Anti-corruption investigators hailed the result as the largest ever corporate fine for bribery in the world after judges declared that the corruption was “grave, pervasive and pernicious”.
Continue reading...The 25% levies also include British knitwear and EU cheese and aircraft as White House retaliates for subsidies given to Airbus
The US is set to impose $7.5bn (£6.1bn) of tariffs on exports from the EU including scotch whisky, French wine and cheese and aircraft in retaliation for subsidies given to the aerospace group Airbus after a World Trade Organization (WTO) ruling..
Related: Airbus on course to overtake Boeing as biggest planemaker
Continue reading...