Lessors positive, engine manufacturers gain on broadly stronger markets – Suppliers Share Wrap
Aircraft lessors continued their generally positive upward movement in share prices, as global share markets hit or approached yearly highs, despite thin trade over the holiday period.
Aircastle gained 2.7% on Tuesday, as did Aerocentury. Genesis Lease and Aercap were up 0.6% and 0.7% respectively.
Engine manufacturers also had a positive day, with Rolls-Royce up 1.8% and MTU Aero Engines gaining 0.8%.
Large aircraft manufacturers were not as strong. Boeing and Embraer were only mildly positive, despite better signs emerging from the US economy, particularly on early Christmas retail trading figures. EADS, parent of Airbus, was slightly better, up 0.7%.
Selected Aviation suppliers' daily share price movements (% change): 28-Dec-09
Source: Centre for Asia Pacific Aviation & Yahoo! Finance