Boe­ing B Avi­a­tion ease inance An­nounce Or­der for MA Air lanes

India Strategic - - APPOINTMENTS -

DUBLIN. Boe­ing and CDB Avi­a­tion Lease Fi­nance (CDB Avi­a­tion) an­nounced an or­der March 13 for 30 737 MAX 8 air­planes. The or­der, val­ued at $3.3 bil­lion at cur­rent list prices, was pre­vi­ously uniden­ti­fied on Boe­ing’s Orders & De­liv­er­ies web­site. Both sides agreed to take this op­por­tu­nity to broaden com­mu­ni­ca­tion and strengthen co­op­er­a­tion in var­i­ous fields, bring­ing the part­ner­ship to a new level. “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 a fleet of over 200 air­craft, CDB Avi­a­tion has over 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 fam­ily has been de­signed to of­fer cus­tomers ex­cep­tional per­for­mance, flex­i­bil­ity and ef­fi­ciency, with lower per-seat cost and an ex­tended range that will open up new destinations in the sin­gle-aisle mar­ket. The 737 MAX will be 14 per cent more fuel-ef­fi­cient than to­day’s most ef­fi­cient Next-Gen­er­a­tion 737s – and 20 per cent 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.

(From left to right) 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

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