Chinese CDB Aviation Inks Deal for 50 Boeing 737 MAX Aircraft

In a significant step towards fleet modernization, China Development Bank Financial Leasing Co., Ltd. (CDB Aviation) has announced a major order for 50 Boeing 737-8 (MAX 8) aircraft.

This decision, made public by the company’s board on September 18, 2024, marks a strategic move to enhance its competitive edge in the global aircraft leasing market. CDB Aviation, which is headquartered in Hong Kong, stated that the new aircraft will be delivered between 2028 and 2031.

With this latest acquisition, the company aims to optimize its fleet structure, further solidifying its position in a rapidly evolving industry. Currently, CDB Aviation operates a fleet of 296 aircraft, with 84 additional orders pending. Among its existing holdings of 737 MAX 8s, the company has already received 34 aircraft and has committed to acquiring another 36.

This deal comes on the heels of a recent announcement by CDB, in which it placed an order for 80 Airbus A320neo family jets, scheduled for delivery between 2030 and 2032. The timing of the Boeing order is noteworthy, as it follows a strike involving over 30,000 Boeing factory workers, which has led to a temporary suspension of production for the company’s best-selling MAX aircraft.

CDB Aviation’s latest acquisition reflects its commitment to investing in state-of-the-art aircraft, positioning the company for continued success in the competitive aircraft leasing sector. As global demand for modern, fuel-efficient planes grows, CDB’s proactive approach to fleet enhancement is poised to pay dividends in the years to come.