China Development Bank, General Electric Cancel Boeing 737 MAX Jet Order [Yahoo! Finance News]
Boeing Company (The) (BA)
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Source: Yahoo! Finance News
China Development Bank CDB) Financial Leasing Co announced on Monday it had agreed with Boeing Co BAThe move comes after the grounding of 737 MAX aircraft by aviation authorities worldwide and the suspension of 737 MAX aircraft deliveries by Boeing. Following the cancellation CDB Financial Leasing still has a total order of 70 undelivered Boeing 737 MAX jets under various purchase agreements. In addition, the two parties agreed that all Boeing 737 MAX 10 aircraft will be converted to Boeing 737 MAX 8 aircraft and that the delivery of another 20 undelivered jets will be deferred to dates in 2024, 2025 and 2026.“In light of evolving aviation market dynamics, we’ve been working together with Boeing over many months to re-calibrate our MAX orderbook to be in line with our long-term view of the market and related opportunities,” Xuedong Wang, chairman of CDB Financial unit CDB Aviation, said in a statement.The cancellation comes after General Electric’s GE“[The] agreement will help GECAS b
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- 10/29/25 - Miss
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- 12/3/25 - Form 4
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