Airbus offers 70-80 million euro settlement to end German probe: paper

© Reuters. The logo of Airbus Group is seen on the company's headquarters building in Toulouse© Reuters. The logo of Airbus Group is seen on the company’s headquarters building in Toulouse

FRANKFURT (Reuters) – Airbus (PA:) is in talks with German prosecutors to end an investigation into the sale of Eurofighter jets to Austria in exchange for a settlement of between 70 million and 80 million euros ($ 85 million to $ 98 million), a German newspaper reported.

Sueddeutsche Zeitung, citing unnamed sources close to Airbus, said the talks could lead the state prosecutor’s office in Munich to drop its inquiries into the 2003 sale of 15 planes to Austria for about 1.7 billion euros.

Neither Airbus nor the Munich prosecutor’s office were immediately available to comment on Sunday.

The newspaper report followed an Airbus statement on Saturday in which the company said it was talking to Munich prosecutors about “the potential termination of the investigation”.

The company had also announced on Saturday that it had been ordered to pay 104 million euros in fines over a missile sale to Taiwan in 1992.

($ 1 = 0.8201 euros)

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