CDB Aviation Lease Finance orders 30 Boeing 737 MAX 8 airplanes

CDB Aviation Lease Finance orders 30 Boeing 737 MAX 8 airplanes

L to R: Kevin McAllister, president and chief executive officer, Commercial Airplanes, Peter Chang, president & CEO, CDB Aviation Lease Finance, Ihssane Mounir, vice president, Global Sales & Marketing, Commercial Airplanes, and Rick Anderson, vice president of Northeast Asia sales.

March 14, 2017
Edited by Eric Brothers

Dublin, Ireland – CDB Aviation Lease Finance has revealed an order for 30 Boeing 737 MAX 8 airplanes. The order, valued at $3.3 billion at current list prices, was previously unidentified on Boeing's Orders & Deliveries website.

"Our commitment to our customers is to provide them with the most efficient and reliable products," said Peter Chang, president and chief executive officer of CDB Aviation. "The 30 Boeing 737 MAXs in our portfolio provide the competitive advantages of fuel efficiency, reliability, and passenger experience they are looking for in the single-aisle airplane."

Based in Dublin, Ireland, CDB Aviation operates as a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co. Ltd. (CDB Leasing). With registered capital of $50 million and a fleet of more than 200 aircraft, CDB Aviation has 10+ years' experience in the business and is one of the largest and most influential Chinese-owned aviation leasing companies.

"We are very pleased to expand our partnership with CDB Aviation with this announcement," said Rick Anderson, vice president of Northeast Asia Sales, Boeing Commercial Airplanes. "As we work together with the new management team at CDB Aviation to address the opportunities presented in a rapidly growing market for commercial airplanes, we look forward to strengthening and growing our partnership in the very near future."

The 737 MAX will be 14% more fuel-efficient than today's most efficient Next-Generation 737s – and 20% better than the original Next-Generation 737s when they first entered service. With broad market acceptance, the 737 MAX has more than 3,600 orders to date from 83 customers worldwide.

Source: Boeing