China’s CDB Leasing to buy 50 Boeing max jets in second major order

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