Nippon Steel Extends Closing Date for U.S. Steel Acquisition

Nippon Steel, Japan’s leading steelmaker, announced on Thursday that it has extended the closing date for its planned $15 billion acquisition of U.S. Steel. The new estimated completion date is now set for the first quarter of 2025, revised from the initially projected third or fourth quarter of 2024.

The extension comes as the U.S. foreign investment committee escalated the decision on whether to approve or block the deal to President Joe Biden. Biden has 15 days to make a determination. Both Biden and President-elect Donald Trump have publicly expressed opposition to the acquisition.

In its statement, Nippon Steel urged for a “fair and fact-based evaluation” of the purchase, expressing confidence that the acquisition would “protect and grow U.S. Steel.”

The company also noted that the antitrust review by the U.S. Department of Justice is ongoing, but no timeline for its conclusion has been provided.

 

JAL’s Systems Restored After Cyberattack Causes Flight Delays

Japan Airlines (JAL) announced on Thursday that its systems were fully restored after a cyberattack earlier in the day disrupted domestic and international flights. The incident affected internal and external systems, prompting the airline to suspend same-day ticket sales temporarily.

The attack began at 7:24 a.m., causing malfunctions linked to a router, which JAL identified and resolved by shutting it down. Ticket sales for flights departing on Thursday resumed once the issue was addressed.

JAL confirmed that no customer data was leaked during the incident and reported no damage from computer viruses. Meanwhile, ANA Holdings, Japan’s other major airline, stated that its systems were unaffected by the cyberattack.

The disruption at JAL follows a similar incident earlier this week when American Airlines briefly grounded all flights for an hour on Christmas Eve due to a technical issue involving network hardware, affecting thousands of travelers.

 

Azerbaijan Airlines Plane Crashes in Kazakhstan, Killing 38

An Azerbaijan Airlines Embraer 190 passenger jet crashed near Aktau, Kazakhstan, on Wednesday, claiming 38 lives and leaving 29 survivors hospitalized. The crash occurred after the plane diverted from its scheduled route between Azerbaijan and Grozny, Russia, crossing the Caspian Sea before descending rapidly and bursting into flames near the shoreline.

The flight, J2-8243, was reportedly forced to reroute due to an emergency situation that may have been caused by a bird strike, according to Russia’s aviation watchdog. However, aviation experts, including Richard Aboulafia of AeroDynamic Advisory, questioned this explanation, noting that bird strikes typically result in landings at the nearest airfield rather than significant deviations from the flight path.

Video footage of the crash, verified by Reuters, showed the aircraft crashing into the seashore and erupting in flames. Emergency responders extinguished the fire and transported survivors, including two children, to a nearby hospital. Efforts to recover the bodies of the deceased are ongoing.

Kazakhstan’s transport prosecutor, Timur Suleimenov, confirmed the recovery of the plane’s black box, which will aid in determining the cause of the crash. Preliminary flight tracking data indicated the plane had veered off its course along the west coast of the Caspian Sea before disappearing and later reappearing near Aktau, where it circled before crashing.

Officials have not clarified why the plane diverted across the sea. However, the crash follows reports of Ukrainian drone strikes in southern Russia’s Chechnya region earlier this month. These strikes led to temporary closures of several Russian airports, including Makhachkala, the nearest airport on the flight’s original route.

Azerbaijan President Ilham Aliyev expressed his condolences, describing the tragedy as a “tremendous sorrow for the Azerbaijani people.” He stated that while poor weather might have influenced the flight’s deviation, the crash’s cause remains under investigation. Azerbaijan Airlines suspended flights from Baku to Chechnya until the probe is complete.

Kazakhstan’s government has formed a commission to investigate the incident and provide support to the victims’ families. Both Kazakhstan and Azerbaijan pledged cooperation in the investigation. Russian President Vladimir Putin, along with Chechen leader Ramzan Kadyrov, extended condolences. Kadyrov noted that some injured passengers remain in critical condition.

Brazilian aircraft manufacturer Embraer, the maker of the crashed jet, also expressed its sympathies and pledged support for the investigation.