CDB Aviation Lease Finance DAC, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (“CDB Leasing”), has signed a Memorandum of Understanding with Boeing for 42 737 MAX 8s, ten 737 MAX 10s and eight 787-9 Dreamliners, the company said.
In doing so, CDB Aviation joins the ranks of the launch customers for the 737 MAX 10 aircraft.
Included in this MOU, the company has converted six of its existing 737 MAX-8 orders to 737 MAX 10s.
The commitment is valued at USD 7.4 billion at list prices.
With a committed fleet of over 300 aircraft, CDB Aviation is on a fast track to becoming one of the world´s premier Chinese-owned aviation leasing companies.
CDB Leasing is the only leasing arm of the China Development Bank and a company in China´s leasing industry that has been engaged in aircraft, infrastructure, ship, commercial vehicle and construction machinery leasing and enjoys a Chinese sovereign credit rating.