chang peter

CDB Aviation Lease Finance and Boeing have announced an order for 30 737 MAX 8 airplanes, valued at $3.3 billion at current list prices.

It is the first business announcement since CBD Aviation appointed leasing veteran Peter Chang as its chief executive in December, with a remit to expand the bank's leasing arm into a global platform with an international presence.

Chang said: “Our commitment to our customers is to provide them with the most efficient and reliable products. The 30 Boeing 737 MAXs in our portfolio provide the competitive advantages of fuel efficiency, reliability and passenger experience they are looking for in the single-aisle airplane.”

With registered capital of $50 million and a fleet of more than 200 aircraft, CDB Aviation has over 10 years' experience in the business and is one of the largest and most influential Chinese-owned aviation leasing companies.

Rick Anderson, vice president of Northeast Asia Sales, Boeing Commercial Airplanes, said: “We are very pleased to expand our partnership with CDB Aviation with this announcement.

“As we work together with the new management team at CDB Aviation to address the opportunities presented in a rapidly growing market for commercial airplanes, we look forward to strengthening and growing our partnership in the very near future.”