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.
Boeing stock takes off after deals for 26 787s
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 ?
[Edited 2005-11-22 14:55:38]