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The major revenue driver for Precision Castparts (NYSE: PCP) is up in the air, literally. Precision is a major maker of jet engine components, and although only modest growth is expected in the sector, due to moderating demand, PCP will benefit as production ramps-up in FY2010.As all of China begins to gear up towards the 2008 Olympics, China Southern Airlines recently placed a quarter-billion dollar order with GE Aviation.
China Southern Airlines is expanding both its domestic and its international routes. It has signed financing and maintenance agreements with GE Aviation's OnPoint program for the purchase of the next generation of jet engines currently under development by GE Aviation.
China Southern Airlines already has 10 Boeing 787 wide-body Dreamliner aircrafts on order. The latest-generation technology jet engines from GE will be used to power the new 787s. GE Aviation has orders for more than 600 of the GEnx engines from both military and commercial customers. China Southern Airlines hopes to begin delivey of the newly equipped 787s in early 2008, in time for use during the Olympics.
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