💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

CDB in talks with Boeing, Airbus ahead of Le Bourget

Published 06/15/2017, 06:14 AM
Updated 06/15/2017, 06:20 AM
© Reuters. FILE PHOTO: The logo of Airbus Group is seen on the company's headquarters building in Toulouse
BA
-
AIR
-

PARIS (Reuters) - CDB Aviation, the aircraft leasing arm of China Development Bank, is in talks to place orders with both Boeing and Airbus and could complete at least one of the deals by as early as next week's Paris Airshow, two people familiar with the matter said.

CDB Aviation, which went public with an order for 30 Boeing 737 MAX 8 aircraft in March, is in talks to purchase 40-50 more aircraft worth some $5 billion at list prices from Boeing including a handful of its new 737 MAX 10 model, they said.

Boeing is widely expected to launch the 737 MAX 10 at the Le Bourget event on Monday to create what would be the largest member of its medium-haul family, seating 190 to 230 passengers. Leeham News reported CDB would be among its inaugural customers.

© Reuters. FILE PHOTO: The logo of Airbus Group is seen on the company's headquarters building in Toulouse

CDB Aviation, Boeing (N:BA) and Airbus (PA:AIR) all declined to comment.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.