Shares of Boeing Co. turned higher Monday after American Airlines Group Inc. included the aerospace giant\u2019s troubled 737 Max line in its orders for 260 new aircraft, which aims at boosting premium seating by 20%.<\/p>\n
American said its orders include 85 Boeing 737 Max 10s, 85 Airbus A321neo and 90 Embraer E175 aircraft, with options and rights to buy an additional 193 aircraft.<\/p>\n
As part of the Boeing orders, American said it \u201cupgauged\u201d 30 existing 737 Max 8 orders to 737 Max 10 aircraft.<\/p>\n
Boeing\u2019s stock The U.S.-listed shares of Airbus SE AIR, EMY, Meanwhile, American Airlines stock \u201cWe deeply appreciate American Airlines\u2019 trust in Boeing and its confidence in the 737 MAX family,\u201d said Stan Deal, chief executive of Boeing Commercial Airplanes. \u201cAmerican\u2019s selection of the 737-10 will provide even greater efficiency, commonality and flexibility for its global network and operations.\u201d<\/p>\n The orders come as Boeing has been dealing with a call from regulators to fix problems with quality regarding the 737 Max jets.<\/p>\n Read<\/strong>: FAA gives Boeing 90 days to come up with plan to improve safety and quality problems<\/a>.<\/p>\n
\n BA,
\n
\n gained 0.5% in midday trading, after trading down as much as 1.5% earlier in the session. The gain comes after the stock closed at a four-month low of $200.00 on Friday.<\/p>\n
\n EADSY,
\n
\n
\n rose 2% on Monday, and those of Embraer S.A.
\n ERJ,
\n
\n
\n advanced 3.1%.<\/p>\n
\n AAL,
\n
\n swung to a loss of 4%, from a gain of as much as 3.1% before the orders announcement.<\/p>\n