EADS rallies against the downwards trend, aircraft lessors suffering

EADS share price continues to bounce between EUR11 and EUR12 per share, up another 1.1% yesterday, on a day that saw most major suppliers lose ground. Boeing's share price was down 0.7% in trading, following news that the company and Russia's VSMPO-Avisma will launch their 50:50 titanium manufacturing JV to support B787 production this week. Boeing is also reportedly likely to acquire a Vought Aircraft Industries manufacturing plant, currently considered a bottleneck for B787 production. The facility may reportedly form the basis for a second B787 assembly line.