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Boeing, CDB Aviation Lease Finance Sign Commitment for 737 MAX, 787 Dreamliners

19 June 2017

"The continued modernization of our fleet and the delivery of the new 737 MAX, now including the 737 MAX 10, will support the delivery of TUI's commitment to reducing the carbon intensity of our operations".

"Today's announcement illustrates our steadfast commitment to aggressive, disciplined growth of our global footprint, fleet and market presence", said CDB Aviation President and Chief Executive Officer Peter Chang.

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"BOC Aviation and Boeing have been partners for more than 20 years, providing the very best airplanes to their customers around the world and the 737 MAX 10, with its lowest seat costs of any single-aisle airplane, will continue this tradition", said Ihssane Mounir, senior vice president, Global Sales and Marketing, Boeing Commercial Airplanes.

BOC Aviation, the Hong Kong-listed aircraft leasing arm of Bank of China Ltd., will buy the Boeing 737 MAX 10 jets after securing internal approvals, Boeing said in a statement.

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With a committed fleet of over 300 aircraft, CDB Aviation is on a fast track to becoming one of the world's premier Chinese-owned aviation leasing companies. The entire 737 MAX family has been created to offer customers exceptional performance, flexibility and efficiency, with lower per-seat costs and an extended range that will open up new destinations in the single-aisle market. "This is another demonstration of the popularity of our latest, fuel efficient 737 MAX and 787 airplane models".

GE Capital Aviation Services (GECAS), part of General Electric, announced a purchase of 20 of the Boeing 737 MAX 10 aircraft, which will seat up to 230 people.

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The Boeing 787 Dreamliner is a family of super-efficient airplanes with new passenger-pleasing features that bring the economics of large jet transports to the middle of the market.