SQUAWK

HNA Group’s years of debt-fuelled acquisitions end in shambles

It may have started life as an aviation group, but by the time creditors showed up with bankruptcy filings, China’s HNA Group was a massive conglomerate with broad interests; from property to logistics; from aviation to financial services, the company...

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Airbus separates A321XLR aft-fuselage work to avoid disrupting assembly line

Airbus is establishing a separate production line at its Hamburg Finkenwerder plant which will be dedicated to assembling the aft fuselage of the long-range A321XLR. This fuselage section is heavily modified from the regular A321neo, featuring a newly-designed integrated large...

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UK advertising body rules Ryanair vaccine claims ‘misleading’

The UK Advertising Standards Authority has ruled that Ryanair “Jab and go” television advertisements must not be broadcast again in forms that attracted more than 2,300 complaints. The UK Advertising Standards Authority has ruled that Ryanair’s “Jab and go” television...

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Kiev blocks Chinese bid for engine manufacturer Motor Sich

Ukrainian president Volodymr Zelensky appears to have shut down China-backed firm Skyrizon’s long-running effort to acquire engine maker Motor Sich. Ukrainian president Volodymr Zelensky appears to have shut down China-backed firm Skyrizon’s long-running effort to acquire engine maker Motor Sich....

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PAL to cut workforce by one-third from mid-March

Philippine Airlines (PAL) will axe about 2,300 staff across its business, starting mid-March, a move that has been looming since October. Philippine Airlines (PAL) will axe about 2,300 staff across its business, starting mid-March, a move that has been looming since...

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Spice 250 gets turbojet boost for extended range

Rafael has increased the standoff capability of its Spice 250 air-to-surface munition with the addition of a turbojet. Rafael has increased the standoff capability of its Spice 250 air-to-surface munition with the addition of a turbojet. The updated Spice 250...

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Boeing to issue nearly $10bn in debt

Boeing is working to issue another $9.8 billion in debt for the purpose of paying off and refinancing other liabilities. Boeing is working to issue another $9.8 billion in debt for the purpose of paying off and refinancing other liabilities....

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Lion reaches agreements with (some of) its lessors

Several lessors to Lion Group airlines have agreed to restructure their leases after months of bilateral negotiations, Cirium understands. Several lessors to Lion Group airlines have agreed to restructure their leases after months of bilateral negotiations, Cirium understands. “We have...

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Bell cargo drone demonstrates autonomous package delivery in residential area

Bell recently demonstrated its Autonomous Pod Transport 70 (APT 70) cargo drone autonomously delivering a package over a 4mi (6.44km) preprogrammed route in north Texas. Bell recently demonstrated its Autonomous Pod Transport 70 (APT 70) cargo drone autonomously delivering a...

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Boeing F-15EX goes vertical in first flight

The first example of the new combat aircraft went vertical in a “Viking” departure manoeuvre shortly after it lifted off from St. Louis Lambert International Airport in Missouri on its first flight. Boeing has flown the US Air Force’s F-15EX...

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