SpeedNews

AIRBUS says A220 program continues towards a monthly production rate of 14 aircraft in 2026; A320 Family program continues to ramp up towards a rate of 75 aircraft per month in 2027; A330 production is stabilizing at four per month; and A350 production targeted at rate of 12 per month in 2028. It is actively managing supply chain challenges.

IBERIA took delivery of the first A321XLR (11504) with LEAP-1As from Airbus; aircraft has182 seats in a 2-class layout.

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

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

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.

Lars Wagner, CEO of MTU Aero Engines, was named next CEO-Commercial Aircraft of Airbus, succeeding Christian Scherer (effective 2025).

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).

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

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