CDB Aviation Lease Finance signs commitment for 737 MAX, 787 Dreamliners

Eleanor Steed
By Eleanor Steed June 19, 2017 14:47

CDB Aviation Lease Finance signs commitment for 737 MAX, 787 Dreamliners

CDB Aviation Lease Finance (CDB Aviation) has signed a Memorandum of Understanding (MOU) for 42 737 MAX 8s, 10 737 MAX 10s and eight 787-9 Dreamliners at the 2017 Paris Air Show.

With this commitment, valued at $7.4 billion at list prices, CDB Aviation will become one of the launch customers for the 737 MAX 10, the newest member of Boeing’s 737 MAX family.

Included in this agreement is the conversion of six 737 MAX 8 orders to the new 737 MAX 10s by the lessor from a previous order.

The agreement will be reflected on the Boeing Orders and Deliveries website once finalized.

“Our new vision is to propel CDB Aviation into a formidable global aviation leasing platform,” said Peter Chang, President and Chief Executive Officer, CDB Aviation. “The 737 MAX, the fastest-selling airplane in Boeing history, and the cutting-edge 787 Dreamliner will play a key role in bolstering our fleet and advancing our global market presence to fulfill the vision.”

Based in Dublin, Ireland, CDB Aviation operates as a wholly owned Irish subsidiary of China Development Bank Financial Leasing.

“We are honored to bring our enduring partnership with CDB Aviation to a new level, with the new commitment for additional Boeing single-aisle and widebody airplanes to meet the needs of their customers,” said Boeing Commercial Airplanes President & CEO Kevin McAllister. “This further demonstrates the popularity of our latest, fuel efficient 737 MAX and 787 airplane models.”

Eleanor Steed
By Eleanor Steed June 19, 2017 14:47