Boeing outsold Airbus in 2025 for the first time since 2018 — but neither can yet build at the rate its order book demands. Inside the delivery struggle, the record backlogs, and the Spirit AeroSystems break-up reshaping the supplier base.

US aviation-finance specialist Castlelake has agreed a £5.5bn ($7.3bn) deal to take easyJet private. We unpack who Castlelake is, the sum-of-the-parts case, the 49/51 EU ownership structure, the completion risks, and whether the airline gets optimised or broken up.