Boeing, CDB Aviation Lease Finance Announce Order for 30 737 MAX 8 airplanes



Boeing and CDB Aviation Lease Finance (CDB Aviation) announced an order today for30 737 MAX 8 airplanes. The order, valued at $3.3 billion at current listprices, was previously unidentified on Boeing's Orders & Deliverieswebsite.

Both sidesagreed to take this opportunity to broaden communication and strengthencooperation in various fields, bringing the partnership to a new level.  

"Ourcommitment to our customers is to provide them with the most efficient andreliable products," said Peter Chang, President and Chief ExecutiveOfficer of CDB Aviation. "The 30 Boeing 737 MAXs in our portfolio providethe competitive advantages of fuel efficiency, reliability and passengerexperience they are looking for in the single-aisle airplane."

Based in Dublin,Ireland, CDB Aviation operates as a wholly owned Irish subsidiary of ChinaDevelopment Bank Financial Leasing Co LTD (CDB Leasing) (HKEX stock code:1606).With registered capital of $US50 million and a fleet of over 200 aircraft, CDBAviation has over 10 years' experience in the business and is one of thelargest and most influential Chinese-owned aviation leasing companies.

"We arevery pleased to expand our partnership with CDB Aviation with this announcement,"said Rick Anderson, vice president of Northeast Asia Sales, Boeing CommercialAirplanes. "As we work together with the new management team at CDBAviation to address the opportunities presented in a rapidly growing market forcommercial airplanes, we look forward to strengthening and growing ourpartnership in the very near future."

The 737 MAXfamily has been designed to offer customers exceptional performance,flexibility and efficiency, with lower per-seat costs and an extended rangethat will open up new destinations in the single-aisle market. The 737 MAX willbe 14 percent more fuel-efficient than today's most efficient Next-Generation737s – and 20 percent better than the original Next-Generation 737s when theyfirst entered service. With broad market acceptance, the 737 MAX has more than3,600 orders to date from 83 customers worldwide.


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