CDB cancels 29 737 Max orders, defers others
CDB Aviation is cancelling 29 of 99 Boeing 737 Max orders while making adjustments to the rest of its orderbook for the type. It plans to push back the delivery of 20 undelivered aircraft to “various dates in 2024, 2025 and 2026” and, without providing further details, downgauge all remaining Max 10s on order to the smaller Max 8 variant. The lessor is the world’s 12th largest by virtue of its US$7.4b portfolio value, according to Cirium. It has now become the third in the Top-20 list to slash its exposure to the troubled narrowbody. Ascend by Cirium’s global head of consultancy, Rob Morris had said earlier this month following the Avolon cancellations that Boeing must be “extremely concerned” that other lessors may follow suit. CDB Aviation says it is “beneficial to all parties involved”. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2020-04-21/general/cdb-cancels-29-737-max-orders-defers-others
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CDB cancels 29 737 Max orders, defers others
CDB Aviation is cancelling 29 of 99 Boeing 737 Max orders while making adjustments to the rest of its orderbook for the type. It plans to push back the delivery of 20 undelivered aircraft to “various dates in 2024, 2025 and 2026” and, without providing further details, downgauge all remaining Max 10s on order to the smaller Max 8 variant. The lessor is the world’s 12th largest by virtue of its US$7.4b portfolio value, according to Cirium. It has now become the third in the Top-20 list to slash its exposure to the troubled narrowbody. Ascend by Cirium’s global head of consultancy, Rob Morris had said earlier this month following the Avolon cancellations that Boeing must be “extremely concerned” that other lessors may follow suit. CDB Aviation says it is “beneficial to all parties involved”. <br/>
