SpeedNews

AIRBUS posted €983m net profit on €15.7b revenues in 3Q24 vs €806m on €14.9b in 3Q23; Commercial Aircraft earned €904m (vs €783m) on 5% higher revenues and says it still plans to deliver ~770 aircraft in 2024, meaning 273 in 4Q24.

Jennifer Gaines to Chief Legal Officer of XTI Aerospace, CO.

SKF, Sweden sold its ring and seal operation in Hanover, PA for $220m to focus on its core aerospace (engine and aerostructure bearings) business.

EVE AIR MOBILITY secured $50m loan from Citibank, increasing its 2Q24 pro-forma liquidity to ~$480m to support R&D.

MOTION INDUSTRIES, AL agreed to acquire Canada's STONEY CREEK HYDRAULICS (hydraulic/pneumatic cylinders).

THYSSENKRUPP AEROSPACE secured 2-year contract extension with SKF to supply steel, stainless steel, titanium, aluminum and copper at Lons le Saunier, France. It delivered 187 tons to SKF in 2023 (180 tons so far in 2024).

AERODATA, Germany has EASA STC to install its GPS anti-jamming and anti-spoofing solution for integration into Garmin G5000 avionics on Cessna Citation Latitude business jets; it plans to add additional platforms in future.

LUFTHANSA TECHNIK earned €168m in 3Q24 (vs €173m in 3Q23) on 9% higher revenues (third party rose 7.4%). It plans to invest >€1b in the coming years in all three world regions (Americas, Asia-Pacific and EMEA) to support demand.

SAFRAN announced >€1b investment plan to develop its MRO network to support anticipated demand for LEAPs; project comprises construction of additional 120,000 sq meters of dedicated LEAP facilities at Brussels, Hyderabad, Querétaro, Casablanca, Villaroche and Saint-Quentin-en-Yvelines to increase annual capacity to 1,200 shop visits by 2028, plus adding new turbine blade repair facility at Rennes and possibly acquiring COMPONENT REPAIR TECHNOLOGIES, OH.

PIPER AIRCRAFT secured type certification from EASA, Brazil and Australia for PT6A-52-powered M700 FURY.