After showing better strength at the end of last week, aerospace shares were stronger on Monday, with significant share gains at several major manufacturers. Shares in Embraer gained 1.6%, EADS was up 1.7% and Boeing gained 3%, as investors welcomed the news that the company's B747-8I had a successful maiden flight and Korean Air firmed up two B747-8F orders and converted its order for 10 B787-800 to larger B787-900s.
Also up strongly was Chinese aerospace manufacturer AviChina. After following markets down last week, shares in the company have bounced back more than 5% over the past two days of trading.
Selected Aerospace daily share price movements (% change): 22-Mar-2011