Boeing sets B787 test flight date and hits year to date high – Suppliers Share Wrap
The Boeing 787 is finally due to fly - in just 11 days. Boeing confirmed at the end of last week that the delayed aircraft will finally conduct its first test flight on 18-Dec-2009, with a second aircraft to fly approximately ten days later. The company's shares rose 1.7% on Friday, to finish the week at USD54.58, a year-to-date high for the stock.
Also climbing on Friday was EADS, which rose 3.9%. EADS unit, Airbus, is also due to make a highly anticipated test flight shortly, with the A400M confirmed for a test flight later this week.
Embraer's shares fell 0.4%, as the manufacturer's stock stalls on a weak outlook for regional and business aircraft ordering.
B/E Aerospace's shares jumped 9.5% on Friday, continuing the upward run enjoyed since the beginning of Dec-2009. B/E Aerospace shares jumped from US19.27 to US23.43 over the last week. The aerospace parts manufacturer continues to benefit from resurgent ordering, as airlines begin to rebuild depleted inventories and look at upgrading and reconfiguring their cabins.
Selected Aviation suppliers' daily share price movements (% change): 04-Dec-09
Source: Centre for Asia Pacific Aviation & Yahoo! Finance