According to reports, Airbus had a dedicated annual budget of $300 million to illegally influence government and other decision makers, resulting in $1 billion-plus profits. Reports suggest this was the largest ongoing bribery case on record.
Posted by Jeffrey Richmond
Mr. Richmond recently retired from the Aerospace industry as a technical writer and continues to write and research on a variety of topics including aviation and aerospace business. He spent a tour of duty as a pilot and instructor in the US Air Force, flew for a regional airline, and taught at two aviation universities. Jeff and his wife Peggy live in the country between Chattanooga and Nashville, Tennessee.
