Sunday, November 25, 2007

Can turduckin fly?


Dear Savvy Investor,

We at Landes hope that you had a very enjoyable Thanksgiving Holiday with your family and Loved-ones.

As we wake up to a new week, an old topic has crawled back into view: airplanes. It seems that the Red race. According the the AP, Airbus SAS signed contracts Monday to sell 160 commercial passenger jets to China in a deal worth around $14.8 billion, the company said. The orders include 110 A320 planes and 50 of the slightly larger A330 planes, Airbus officials said in Beijing, where they were accompanying French President Nicolas Sarkozy on his first state visit to the Asian trading giant.

Airbus and Chinese partners this summer officially signed an agreement to open a final assembly line in the Chinese city of Tianjian to produce A320s.

This will be huge because of the increase in traffic pre and post the Summer Olympics that will be held in Beijing in 2008.

What does this mean: over the short run manufacturers that supply Airbus will see an increase in production contracts and Airbus will see an increase in revenue. Focus on the manufacturing sector over the next few weeks, there will be more news to come.

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