Ray of shine for Boeing: Chinese aircraft lessor orders 50 737 MAX
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China Development Bank’s financial leasing arm said it will buy 50 Boeing (NYSE:BA) 737 Max 8 jets, marking its second major aircraft order in a week.
The order is a likely boost to the aircraft maker (BA), who is facing a downturn in Chinese orders and wrestling with union strikes and quality issues.
The company expects to take delivery of the aircraft between 2028 and 2031, CDB Aviation said in a statement.
China Development Bank Financial Leasing said the order will optimize its fleet structure and increase the proportion of next-generation aircraft with advanced technologies.
Aircraft purchases by Chinese buyers have significantly slowed since 2018 due to strained U.S.-China relations, but slowly recovering.