Air China enjoys prospect of Boeing, Airbus cancellations. Virgin has the Blues.

Air China, with the possibility both of extended financial largesse from the Beijing government and an increasingly serious likelihood of the same government intervening to support it in delaying or cancelling now-unwanted aircraft orders, leapt as high as 30% in value before closing up 22.1% yesterday. Shanghai Airlines, which does not have the same commitments, also gained 4.1%.