Aircraft suppliers rally on generally stronger equity markets. Boeing, Embraer and MTU lead the way
MTU Aero Engines and Roll-Royce gaines 3.1% and 1.7% respectively. The exception was Airbus' parent, EADS, which is still being affected by the uncertain fate of the A400M programme. Shares in the European aerospace company dipped 1.5% yesterday.
Aircastle shares rallied strongly, closing 5.9% higher at USD9.12 per share. After hitting a 16-month high of USD11.32 per share in mid-Jan-2010, the stock has slid steadily. As of 30-Sep-2009, Aircastle's aircraft portfolio consisted of 128 aircraft, with 60 lessees located in 34 countries.
Other leasing companies fell, with most down by approximately 1%. The exception was Babcock & Brown Air, which rose 0.5%, continuing a modest three-day rally.
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Selected Aviation suppliers’ daily share price movements (% change): 09-Feb-2010