Boeing’s stock turns higher after American Airlines includes 85 Boeing 737 Max 10s as part of order for 260 new aircraft

Shares of Boeing Co.
BA,
+0.45%
turned higher Monday, after American Airlines Group Inc.
AAL,
-3.96%
announced Monday that is has ordered 260 new jets, and has options to buy up to a total of 453 aircraft, from Boeing, Airbus SE
EADSY,
+2.01%

AIR,
+1.78%
and Embraer S/A
ERJ,
+3.02%

EMY,
-2.13%.
The orders include 85 Boeing 737 Max 10 aircraft; as part of the order, American has “upgauged” 30 existing orders for 737 Max 8s to 737 Max 10 jets. “We deeply appreciate American Airlines’ trust in Boeing and its confidence in the 737 MAX family,” said Stan Deal, chief executive of Boeing Commercial Airplains. “American’s selection of the 737-10 will provide even greater efficiency, commonality and flexibility for its global network and operations.” Boeing’s stock was up 0.1% in morning trading, after being down as much as 1.5% prior to American’s announcement.