The hearing is before the The Hague Court of Appeal and is open for the public and will start at 10h00 AM.

On 24 September 2024, the Foundation filed its statement of defense in cross appeal. In this document, the Foundation responded to the grounds raised by Airbus, its responsible executives and auditor against the judgment.

On 24 June 2024, the Foundation’s financial statements for the year 2023 have been finalized.

On 4 June 2024, Airbus, its responsible executives and auditor filed their statements of defense and some of them appealed against certain parts of the judgment in first instance. The Foundation has until 24 September 2024 to respond to the grounds of appeal raised by the defendants.

On 26 March 2024, Stichting Investor Loss Compensation filed its statement of grounds of appeal with the Court of Appeal in The Hague. This document sets out the reasons why the judgment in first instance cannot stand.

Following the judgment in first instance, Stichting Investor Loss Compensation deemed it prudent to modify the composition of the Supervisory Board.

In its judgment of 20 September 2023, the District Court of The Hague identified shortcomings in the governance of Stichting Investor Loss Compensation. In response, the Foundation has amended its articles of association align them more closely with the Claim Code 2019. The new articles, among other things, clarify the role of the Supervisory Board. They can be accessed on the Foundation’s website.

On 19 December 2023, Stichting Investor Loss Compensation filed an appeal against the judgment of the District Court of The Hague of 20 September 2023.

On 20 September 2023, the District Court of The Hague handed down its judgment in the collective action against Airbus, its responsible executives and auditors. The action was initiated by Stichting Investor Loss Compensation on behalf of institutional and retail investors to recover losses incurred as a result of Airbus’ involvement in bribery and misconduct. The losses amount to more than EUR 300 million.

Today we attended Airbus’ Annual General Meeting and asked questions in relation to the company's follow up on the settlements with the UK SFO, the French PNF and the U.S. Department of Justice. The finality of the settlements with these three prosecuting agencies is contingent upon Airbus' fulfilment of an extensive programme aimed at prevention.

BETTER FINANCE joins forces with Stichting Investor Loss Compensation (SILC), assisting Airbus shareholders to recover losses that are the result of Airbus’ involvement in bribery practices and wrongful conducts.

The legal proceedings against Airbus c.s. continue with oral hearings before the The Hague District Court.

AMSTERDAM - Lawyers who say they are representing "a hundred" institutional investors have filed a class action lawsuit against Airbus in a Dutch court, saying they suffered at least 300 million euros ($339 million) in damages as a result of company misconduct.

The Serious Fraud Office has entered into a record-breaking Deferred Prosecution Agreement (DPA) with the global aerospace company Airbus SE following its approval today by Dame Victoria Sharp, President of the Queen’s Bench Division. 

The airplane maker will pay penalties in France, Britain and the United States, removing a legal hurdle as it competes with its rival Boeing.

Airbus SE, a global provider of civilian and military aircraft based in France, has agreed to pay combined penalties of more than $3.9 billion to resolve foreign bribery charges with authorities in the United States, France and the United Kingdom.

In July 2016, the Director of the Serious Fraud Office opened an investigation into allegations of fraud, bribery and corruption in the civil aviation business of Airbus Group. These allegations related to irregularities concerning third party consultants.

UK opens investigation into fraud, bribery and corruption allegations in connection with aircraft sales