Aircastle shares dip with dividend announcement, GKN and Safran also down – Suppliers Share Wrap
Shares in Frence aerospace and engine supplier Safran fell 1.1% yesterday, despite a bullish assessment of market conditions from CEO, Jean-Paul Herteman. The CEO expects orders for the CFM56 engine, produced in a JV with General Electric, to reach a record 1900-2000 this year.
Shares in GKN Aerospace fell 1.1%, ending a week-long positive run.
Aircastle shares dipped 2.9%. The company declared a 4Q2010 cash dividend on its common shares of USD0.10 per share.
Selected Original Equipment Manufacturers daily share price movements (% change): 03-Dec-2010
Selected Aviation Suppliers & Leasing daily share price movements (% change): 03-Dec-2010