Cramer's 'Mad Money' Recap: Savoir-Aire

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There are only two big makers of passenger jets in the world, Airbus and Boeing (BA Quote), and the former is imploding, Jim Cramer told viewers of his "Mad Money" TV show Tuesday.

The most obvious way to play off of the European aerospace company's woes is to invest in its competitor, Boeing, but that's not how Cramer would play it. Instead, he said, investors should concentrate on the pin action.

It's true that since Airbus can't seem to get its business together, most of the contracts are going to Chicago-based Boeing, Cramer said. In fact, Boeing won 55% of 2005's orders by value.

However, since Boeing's stock is already up significantly, Cramer does not recommend buying it.

Instead, people who want to make money off the decline of Airbus should think of the pin action. For this, players must think of companies that supply to Boeing, but that either do not supply to Airbus, or do so minimally. These companies should get an increased number of orders too, he said. He suggested three companies:

• Triumph Group (TGI Quote), which designs and builds aircraft components
• Heico (HEI Quote), which makes replacement parts for engines
• Moog (MOG.A Quote), which makes flight controls

Bottom Line: Airbus is collapsing, but don't buy its competitor when it's already increased so significantly. Take advantage of the pin action instead.

For a video presentation from Cramer on things to keep your eye on in this market, please click here.