News
20 April 2020
CDB Financial Leasing cancels purchase of 29 Boeing 737 MAX jets
In:
Social infrastructure
Region:
Asia-Pacific
China Development Bank Financial Leasing has reached an agreement with Boeing to cancel the purchase of 29 undelivered 737 MAX jets.
The model has been grounded globally for more than a year following deadly crashes in Indonesia and Ethiopia. CDB Financial Leasing said it retained an order for another 70 of the planes that also have yet to be delivered.
The lessor also said that all 737 MAX 10 jets still on order will be switched to the smaller 737 MAX 8 model, and 20 deliveries will be deferred to dates in 2024, 2025 and 2026.
