Boeing Co. (NYSE:BA) shares are trading higher during Tuesday’s premarket session, largely tracking a broad risk-on tone as equity futures push higher and cyclicals catch bids. Nasdaq futures are up 0.48% while S&P 500 futures have gained 0.40%.

Ethiopian Airlines Orders Six Boeing 787s

Separately, Boeing and Ethiopian Airlines said Monday the carrier has converted options for six 787 Dreamliner aircraft into firm orders, advancing a commitment first outlined in a 2023 agreement.

The airline will deploy the 787-9 jets to expand its intercontinental network from Addis Ababa and boost cargo capacity, as demand for long-haul travel continues to rise.

Ethiopian Airlines operates Africa’s largest 787 fleet, using both 787-8 and 787-9 aircraft across long-haul routes linking Addis Ababa with major destinations in Europe, Asia and North America, as well as key intra-African markets.

Boeing said the Dreamliner remains central to the airline’s fleet modernization ...