CDB Leasing Axes Orders for 29 Boeing Max Jets | Aviation International News

CDB Leasing Axes Orders for 29 Boeing Max Jets

China Development Bank Aviation has restructured its Max backlog to include a cancellation of 29 deliveries.

By Gregory Polek • Senior Editor

April 20, 2020

China Development Bank (CDB) Financial Leasing has delivered the latest blow to the Boeing 737 Max order book by canceling delivery of 29 of the 101 jets that remain in its backlog, the company confirmed on Monday. CDB’s move comes three days after another major leasing group Gecas reached a so-called restructuring deal with Boeing including the cancellation of orders for 69 Max airliners. In the month of March alone, Boeing lost orders for 150 of the troubled narrowbodies, including a 75-unit commitment from Dublin-based leasing company Avolon.

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