We’ve all heard of the iPhone. Well now it's time for the iPlane. The Boeing 787 Dreamliner was unveiled to much fanfare over the weekend. And Boeing (BA) has already secured a record number of orders for the revolutionary plane. Find out why this plane so special and if will have a bigger economic impact than the iPhone.
CNBC’s Auto and Airline Industry Reporter Phil LeBeau joins the guys for this conversation.
LeBeau says the plane is projected to be 20% more fuel efficient because it’s lighter. And apart from labor, fuel is the biggest expense for an airline.
LeBeau adds that airlines around the world are lining up for these planes, however, they won’t be delivered until 2015.
LeBeau also explains that Canada’s Onyxis one of the largest suppliers to Boeing as is Wichita based Spirit Aero Systems (SPR).
Karen Finerman tells the panel she thinks the play is Kaiser Aluminum (KALU) which is a supplier to both Boeing and Airbus.
Eric Bolling likes GE (GE) because they are supplying the engines for the Dreamliner. (Note: GE Is The Parent Company Of CNBC) He also recommends owning EADS.
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Trader disclosure: On July 9th 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders. Finerman's Firm And Finerman Own (HD),Finerman's Firm Owns (COP), (JNJ), (KALU), (MSFT), (MDG), (AL), (YUM), (KFT), S&P Puts; Bolling Owns (ICE), (SLW), (NMX) Gold, Silver, Copper, Corn, Natural Gas; Bolling Is Short (FXI) And Owns (FXI) Puts GE Is The Parent Company Of CNBC; CNBC Is A Service Of NBC Universal And Dow Jones