March 2017: (CDB) Aviation Lease Finance, a wholly owned Irish subsidiary of China Development Bank Financial Leasing, has ordered 30 Boeing 737 MAXs. The order, valued at $3.3 billion at list prices, was previously listed by Boeing (TBC) as being placed by an unidentified customer. “The 30 Boeing 737 MAXs in our portfolio provide the competitive advantages of fuel efficiency, reliability and passenger experience [our customers] are looking for in the single-aisle airplane,” (CDB) Aviation President & (CEO) Peter Chang said.
In January, CDB Aviation added 3 new members to its executive team: Rob Murphy as general counsel and COO; Pat Hannigan as CCO and John Cunningham as SVP-Asia Pacific.
As of February 28, Boeing has booked orders for 3,621 737 MAX airplanes; as of the same date, Airbus (EDS) has received orders for 5,063 of its re-engined narrow body A320neo family aircraft.
The 737 MAX 8 is expected to enter service this summer with Norwegian Air Shuttle (NWG). Southwest Airlines (SWA), which placed the launch order for the 737 MAX, is expected to put its first MAX 8 into service October 1.
December 2017: News Item A-1: (CDB) Aviation Lease Finance, a wholly owned Irish subsidiary of China Development Bank Financial Leasing, closed a secured portfolio financing facility covering 14 recent Airbus (EDS) and Boeing (TBC) narrow body airplanes on lease to 5 lessees.
(CDB) Aviation has also delivered the 1st of 2 new Airbus A321-200s on long-term lease to Finnair (FIN).
News Item A-2: (CDB) Aviation Lease Finance, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Company, delivered 2 new Airbus A320neo aircraft to India-based, low-cost carrier Go Air. (CDB) Aviation also delivered the 2nd A321-200 to Air Seoul, marking a major milestone on the lessor’s growth trajectory by having 3 Airbus A320 family aircraft delivered on the same day. In addition, (CDB) Aviation also delivered the 1st of 3 Airbus A320neos to AirAsia Berhad (ASW).