In contrast, shares of Boeing, jumped 3.3 percent to $69.18 after the U.S. jet maker said it had received aircraft orders worth $14.3 billion during the Dubai Air Show. Boeing shares climbed to $69.47, the highest since May 2001.
The Chicago-based aerospace giant received orders for 42 Boeing 777 wide-body jets from Dubai-based Emirates Airlines and 70 737 narrow-body planes from China. The orders are worth $13.7 billion at list prices, but typically airlines negotiate discounts.
The orders extended Boeing's momentum in its heated competition with Airbus and helped propel its stock price up $2.05, or 3.1 percent, to close at $69 after briefly reaching $69.48. The close was the shares' highest since Dec. 8, 2000.
With this momentum , it certainly looks as if Boeing may regain the # 1 spot ! Question is when & how long can they continue to sell there aircraft at this pase ?