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Lufthansa is negotiating a 9 billion euro ($9.71 billion) bailout with Germany's economic stabilisation fund to ensure its future, the airline said on Thursday, confirming an earlier Reuters report......»»

Federal officials confirmed to GM that the automaker has been cleared from a years-long corruption probe into the UAW......»»

EasyJet's founder Stelios Haji-Ioannou demanded on Wednesday a shareholder vote to remove two directors, as part of his battle to try to force the British airline to cancel an order for 107 Airbus planes......»»

Airbus said on Monday it had decided additional production pauses, in Germany and in the United States, in response to an industry-wide slowdown triggered by the coronavirus crisis......»»

Bundeswehr/Kevin Schrief/Handout via Reuters On March 28, a German Air Force (Luftwaffe) Airbus A310 "Medevac" transported six COVID-19 patients from Bergamo, Italy to the Colog.....»»

The investment seemed virtually risk-free, guaranteeing hefty returns after only a short season of trading. By exploiting how Germany once taxed dividend payments, dozens of bankers,.....»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Former United Auto Workers (UAW) President Gary Jones was charged on Thursday with embezzling more than $1 million of union funds amid a U.S. corruption probe that has raised the specter of a federal government takeover of the union......»»

Former United Auto Workers President Gary Jones has been charged by federal prosecutors as part of a widening corruption probe into one of America's most prominent unions......»»

Gary Jones once led the UAW, but now he has been charged in the federal corruption probe, accused of conspir.....»»

Kuwaiti lawmakers agreed on Wednesday to set up a committee to look into whether Airbus's aircraft orders from the Gulf Arab state involved alleged corruption, the state news agency reported......»»

Airbus said its full-year net loss was 1.36 billion euros ($1.48 billion) compared with a net profit of EUR3.05 billion in 2018......»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Jones hasn't been charged in a corruption probe that has netted nine guilty pleas from union officials and a spouse, and three more from Fiat Chrysler employees......»»

Malaysian long-haul budget airline AirAsia X has formed a board committee to review corruption allegations by Britain's Serious Fraud Office (SFO), a stock exchange filing showed on Wednesday......»»

The state House of Representatives has introduced a resolution that would push for Hawaiian Airlines to be included in The Wall Street Journal’s airline rankings. The Wall Street Journal recently published its annual Best and Worst U.S. Airlines l.....»»

Sri Lanka has ordered a probe into accusations of bribery by European planemaker Airbus to pave the way for the sale of aircraft to state-run carrier SriLankan Airlines, after the firm agreed a settlement with regulators......»»

Malaysia's securities regulator said on Sunday it will examine whether AirAsia Group and unit AirAsia X broke securities laws, after UK prosecutors accused executives of receiving bribes from Airbus for buying planes......»»

Airbus bribed public officials and hid the payments as part of a pattern of worldwide corruption, prosecutors said on Friday as the European planemaker agreed a record $4 billion settlement with France, Britain and the United States......»»

U.S. District Judge Thomas Hogan on Friday approved a deal to resolve the Justice Department's probe into charges airplane Airbus SE violated anti-bribery laws and export controls......»»