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.
- Safran's shares fell despite a positive market outlook from CEO Jean-Paul Herteman.
- Safran expects record orders for the CFM56 engine this year.
- Rolls-Royce and MTU Aero Engines saw gains in their share prices.
- GKN Aerospace experienced a decline in share price after a week of positive performance.
- Aircastle shares dipped following the declaration of a cash dividend.
- The data is sourced from the Centre for Asia Pacific Aviation and Yahoo! Finance.
Other engine makers fared better in trading, with Rolls-Royce up 2.1% and MTU Aero Engines gaining 2.9%. Shares in MTU have gained more than 20% over the past three weeks.
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
Source: Centre for Asia Pacific Aviation & Yahoo! Finance
Selected Aviation Suppliers & Leasing daily share price movements (% change): 03-Dec-2010
Source: Centre for Asia Pacific Aviation & Yahoo! Finance