Financing deal pushes Embraer up, Boeing and Airbus up on test flight news – Suppliers Share Wrap
CDB Leasing will provide tailored financial solutions, as well as sharing experience in aircraft financing and portfolio management. The company may also consider purchasing aircraft directly from Embraer for future leasing opportunities. In either case, Embraer will indicate prospective customers to CDB Leasing at its discretion and will provide the specified customer assessment.
Meanwhile, shares in Boeing and EADS have been pushed higher on test flight news. Boeing has reportedly cleared 15-Dec-2009 as a potential date for a B787, but much depends on the weather and final clearances from the US Federal Aviation Administration. Boeing has already finished high-speed taxi runs for the aircraft, the final phase before the flight test.
EADS went one step better than Boeing, conducting the maiden flight of its long-delayed A400M on 11-Dec-2009. Adding to this is news that European nations have come to an agreement over their orders for 180 aircraft and will formally announce their commitment to the programme shortly.
EADS rose 1.7% on Friday, while Boeing was up 1.1%.
Selected Aviation suppliers daily share price movements (% change): 11-Dec-09