30-Sep-2009 12:36 PM
MTU Aero Engines swings backs down, Boeing close to 12 month high – Suppliers Share Wrap
Analysis
After climbing close to EUR3 per share over the past few days, MTU Aero Engines slipped back 5.6% on Tuesday, ending the day at EUR31.85. The stock jumped late last week and swung up by 7% on Monday, following an announcement by China Southern Airlines that parent company, China Southern Air Holding, would purchase its stake in MTU's Chinese MRO JV, MTU Maintenance Zhuhai, for USD235.8 million.
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