MARKET TALK: Good Order Intake Expected At Farnborough Show

19th Jul 2010 10:23

0923 GMT [Dow Jones] A good order intake is expected as the Farnborough Air Show gets underway, Monday, says Goldman Sachs. Says Airbus - a unit of European Aeronautic Defence & Space Co. (EAD.FR) - has already stated it could secure about 130 orders this week, double its total so far in '10. Adds that it is likely to decide later this month to raise its narrow body production rate. But notes that Boeing (BA) is more cautious, describing the global economic recovery as mixed but saying it would also secure some orders this week. Says weekend reports suggest orders may be placed by GECAS, RBS Aviation Capital, and Air Lease Corp. EADS shares +1.8% at EUR16.72. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 19, 2010 05:23 ET (09:23 GMT)