CHINA Development Bank (CDB) Financial Leasing agreed to buy 50 Boeing 737 Max jets, the company’s second major order in as many weeks as it adds newer, more fuel-efficient planes to its fleet.
The 737-8s are due to be delivered between 2028 and 2031, CDB said in a statement on Wednesday (Sep 18).
CDB Leasing, as it’s known, earlier this month agreed to buy 80 Airbus jets from the A320neo family.
The Max order from China is a vote of confidence in Boeing, which is hamstrung by factory-worker strikes and struggling to increase production rates. Chinese airlines and lessors have been large buyers of Airbus jets in recent years.
CDB is the eleventh-largest airplane lessor in the world, according to KPMG. BLOOMBERG
