Airbus fined 104 mln euros over Taiwan missile affair

Airbus fined 104 mln euros over Taiwan missile affair

Taiwan has no comment on Airbus fines

Airbus said in a statement it has been ordered to pay the fine "for a complaint of breach of contract concerning the sale of missiles".

Airbus has been fined €104 million (US$128 million) during arbitration in a case between Matra Défense S.A.S. and Taiwan announced Saturday, reported CNA.

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Matra Defence S.A.S., which joined the Airbus group in 1998, said for its part it was "studying the fine and evaluating next steps", the statement said.

The arbitration fine comes three months after Dassault Aviation, radar supplier Thales and engine maker Safran said they had been fined a combined €227 million in Taiwan to settle the 25-year-old dispute over the wrongful use of commissions in the sale of 60 Mirage fighters to the island.

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Meanwhile, French newspaper Quest France revealed that Airbus would have to pay 104 million euros in compensation to Taiwan following worldwide arbitration on the commercial dispute.

When asked about the case by CNA, MND spokesman Chen Chung-ji (陳中吉) said the ministry has no comment on the matter and will not give further information about the case.

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In a separate case, the European group said it was in discussions with prosecutors in Munich that could close a German probe into alleged corruption related to the sale of Eurofighter jets to Austria.

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