China's CDB Financial scraps purchase of 29 Boeing 737 MAX jets [Yahoo! Finance News]
Boeing Company (The) (BA)
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Source: Yahoo! Finance News
A Boeing 737 Max aircraft is seen parked in a storage area at the company's production facility in RentonSYDNEY ) - China Development Bank CDB) Financial Leasing Co said on Monday it had agreed with Boeing Co to cancel the purchase of 29 undelivered 737 MAX jets, adding to a string of recent cancellations of the grounded airplane.The model has been grounded globally for more than a year following deadly crashes in Indonesia and Ethiopia."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 lessor said it retained an order for another 70 of the planes that also have yet to be delivered.Boeing recorded a total of 150 MAX cancellations in March, including 75 from Irish leasing company Avolon. Boeing remains in talks with regulators seeking ap
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- 1/27/26 - Beat
BA
Sec Filings
- 3/6/26 - Form DEFA14A
- 3/6/26 - Form DEFA14A
- 3/6/26 - Form DEF
- BA's page on the SEC website