Mon, Nov 13, 2017
Deal Valued At $7.4 Billion First Announced At 2017 Paris Air Show
Boeing and CDB Aviation have finalized an order for 42 737 MAX 8s, 10 737 MAX 10s and eight 787-9 Dreamliners. The order puts the 737 MAX program over 4,000 orders total.
The order, valued at $7.4 billion at current list prices, was announced as a Memorandum of Understanding (MOU) at the 2017 Paris Air Show. The order includes a conversion of six 737 MAX 8 orders, to the 737 MAX 10. CDB Aviation, one of the largest and most influential Chinese-owned aviation leasing companies, is part of the launch customer group for the 737 MAX 10, the newest member of Boeing's 737 MAX family. "The 737 MAX and the 787 Dreamliner are some of the most advanced, most fuel-efficient airplanes in the world today," said CDB Aviation President and Chief Executive Officer Peter Chang. "We're confident that the reliability, efficiency and superior economics of the MAX and Dreamliner families will be very appealing to our customers."
Based in Dublin, Ireland, CDB Aviation operates as a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., LTD (CDB Leasing) and features a committed fleet of over 300 aircraft. "CDB Aviation is a leader in the leasing market and we're excited the 737 MAX and 787 Dreamliner will be the pillars of its growing fleet," said Boeing Commercial Airplanes President & CEO Kevin McAllister.
The 737 MAX family is the fastest-selling airplane in Boeing history with over 4,000 orders from 93 customers worldwide. Boeing has delivered more than 30 737 MAX airplanes this year. "Being one of the launch customers of the MAX 10 and bringing the MAX family's orders over the 4,000 milestone further demonstrates CDB Aviation's steadfast efforts to advance its global mission and deliver the latest technology aircraft to current and prospective customers," added Chang.
(Image provided with Boeing news release)
More News
Aero Linx: International Flying Farmers IFF is a not-for-profit organization started in 1944 by farmers who were also private pilots. We have members all across the United States a>[...]
From 2017 (YouTube Version): Remembrances Of An Israeli Air Force Test Pilot Early in 2016, ANN contributor Maxine Scheer traveled to Israel, where she had the opportunity to sit d>[...]
"We renegotiated what our debt restructuring is on a lot of our debts, mostly with the family. Those debts are going to be converted into equity..." Source: Excerpts from a short v>[...]
Also: B-29 Superfortress Reunion, FAA Wants Controllers, Spirit Airlines Pulls Back, Gogo Galileo Van's Aircraft posted a short video recapping the goings-on around their reorganiz>[...]
Chart Supplement US A flight information publication designed for use with appropriate IFR or VFR charts which contains data on all airports, seaplane bases, and heliports open to >[...]
ANN's Daily Aero-Linx (04.15.24)
See All