China Development Bank Financial Leasing buys 50 Boeing 737-8 aircraft (updated)

China Development Bank Financial Leasing

19/09/2024 01:43

(Updates with further details of the deal from paragraph 2
onwards)
       Sept 19 (Reuters) - China Development Bank Financial
Leasing  1606.HK , through its aircraft leasing unit, will
purchase fifty of Boeing's  BA.N  737-8 aircraft, the company
said on Thursday.
        The delivery of the purchased aircraft by China
Development Bank's unit, CDB Aviation Lease Finance, is expected
between 2028 and 2031.
  
        The company said it is executing the deal in order to
"optimize the fleet structure and increase the proportion of
next-generation aircraft."
  
        This marks the second major aircraft acquisition by the
Chinese firm recently, following their 
    announcement
     last week of a purchase order for 80 Airbus  AIR.PA 
A320neo planes, with deliveries expected to begin in 2030.
        No financial details of the purchase were disclosed.
  

 (Reporting by Adwitiya Srivastava in Bengaluru; Editing by Alan
Barona)
 ((Adwitiya.Srivastava@thomsonreuters.com))