American Airlines (AAL) is betting on Airbus SE (EADSY) for its next jet shipment, ordering 50 new A321XLR passenger jets from the French aerospace company. 

The order includes 20 new A321XLR planes and the conversion of 30 existing A321neo orders. The 20 additional planes have a list price of $142 million, valuing that portion of the deal at about $2.84 billion.

American Airlines could use the new fleet to replace its aging fleet of 34 Boeing (BA - Get Report) 757-200 jets. 

Boeing shares jumped Monday after it won an order from British Airways parent company International Consolidated Airlines for 200 of its troubled 737 MAX planes. The plane has been grounded around the globe following a pair of commercial jet crashes that occurred within six months of each other. 

The report comes during the biennial Paris Air Show where the world's largest airplane manufacturers show off their latest products to potential buyers. 

Private equity firm Indigo Partners agreed to purchase 32 A321XLRs from Airbus for an estimated $4.5 billion, while Virgin Atlantic ordered 14 A330neos worth $4.1 billion. 

American Airlines shares were rising 1.3%, while Boeing shares were down 0.6% Wednesday.