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Indonesia Says Sriwijaya Air Flight Loses Contact With Air-Traffic Control

The Sriwijaya Air plane carrying 62 people crashed into the Java Sea, losing contact with air-traffic controllers and disappearing from radar minutes after taking off from Jakarta. ....

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Boeing's Legal, Business Challenges Persist After Settlement

The plane maker is facing civil lawsuits related to the two fatal crashes of its MAX planes and a pandemic-driven decline in orders. ....

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Boeing to Pay $2.5 Billion to Settle Criminal Charge Over MAX Jet

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The 737 MAX jet resumed carrying passengers late last year after a long grounding.
NELSON ALMEIDA/AFP/Getty Images
Boeing
agreed to pay $2.5 billion to settle a criminal charge that it sought to deceive the Federal Aviation Administration as it sought initial certification for the troubled 737 MAX jet.
The Justice Department disclosed the agreement Thursday in a news release, titled in part, “Boeing Charged with 737 MAX Fraud Conspiracy.” The department said it and the company had entered into a deferred prosecution agreement that will give Boeing amnesty if it meets certain criteria.
“Boeing’s employees chose the path of profit over candor by concealing material information from the FAA concerning the operation of its 737 Max airplane and engaging in an effort to cover up their deception,” said Acting Assistant Attorney General David P. Burns of the department’s Criminal Division. ....

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A New Airbus Plane? What It Would Mean for Boeing, Raytheon, GE

An all-new plane would, frankly, be a bit of a surprise coming out of the pandemic. Boeing has talked about plans for what it has called a new medium-size aircraft, or NMA, since 2017, but no decision about development has been announced. Even the size of that plane isn’t set in stone. Originally, industry executives expected it to be a twin-aisle jet, but others have said more recently that it might be a single-aisle plane.
Boeing, Airbus, and GE didn’t immediately respond to requests for comment.
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Butler National Lease Buy-Out Debt Transaction Completed

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OLATHE, Kan., Dec. 22, 2020 /PRNewswire/ Butler National Corporation (OTCQB: BUKS) a recognized provider of professional management services in the gaming industry, announces the completion of the acquisition of the Boot Hill and Resort Casino land and building by the exercise of its lease buy-out option.
BHCMC, LLC completed a $42 Million debt transaction to exercise an option to acquire the casino land and building for $41.25 million from BHC Development, L.C. The transaction consisted of two bank loans with Academy Bank, N.A. One note for $35 million collateralized by real estate in Dodge City with an interest rate of 5.25% payable over seven years with an initial twenty-year amortization and a balloon payment of approximately $19.25 million at the end of seven years. The second note for $7 million collateralized by real estate in Dodge City with an interest rate of 5.75% payable in full over five years. The balance of the ....

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