The six Boeing 737 MAX 8 aircraft, powered by CFM International Leap-1B engines, are part of CDB Aviation’s existing orderbook with Boeing and will be delivered in 2024 and 2025.
CDB Aviation, an Irish subsidiary of China Development Bank Financial Leasing, has announced the signing of lease agreements with Turkish Airlines for a series of six Boeing 737 MAX 8 aircraft. The aircraft, powered by CFM International Leap-1B engines, are part of CDB Aviation’s existing orderbook with Boeing and will be delivered in 2024 and 2025.
The lease agreements highlight the strong partnership between CDB Aviation and Turkish Airlines, the flag carrier of Türkiye. The addition of these aircraft will support Turkish Airlines’ sustainability-focused initiatives, as the 737 MAX 8 is known for its high efficiency and reduced environmental footprint. By modernizing its fleet with these aircraft, Turkish Airlines aims to achieve its ambitious sustainability goals and enhance the travel experience for its passengers.
Jie Chen, CEO, CDB Aviation said, “We’re delighted to have signed these new lease agreements with our valued customer, Turkish Airlines, for the financing of the upcoming six 737 MAX aircraft deliveries from our orderbook,” Turkish has become a leader among airlines in undertaking sustainability-focused initiatives to modernize every stage of their flight and ground operations. As you would expect for a lessor with a sizable orderbook, CDB Aviation is continually in discussions with existing and prospective customers on how we can leverage our orderbook and price-competitive leasing products to help the airlines modernize their fleets with new technology aircraft and meet long-term business growth objectives.”
Chen further emphasized that these efficient aircraft will bring Turkish Airlines closer to achieving their sustainability goals, contributing to the reduction of environmental impact.
With the lease agreements, CDB Aviation will expand its fleet on lease to Turkish Airlines, reaching a total of nine aircraft, including a 737-800, a 777-300ER, and an Airbus A320neo. The delivery of Turkish Airlines’ first A320neo in 2022 marked a significant milestone in their ongoing fleet modernization efforts.
Levent Konukcu, Chief Investment and Technology Officer, Turkish Airlines said, “We are proud to collaborate with partners like CDB Aviation in our pursuit of excellence. Adding these aircraft to the AnadoluJet fleet will contribute significantly to our goals and allow us to present remarkable travel experiences to our passengers.”
Jie Chen emphasized CDB Aviation’s commitment to supporting airlines in fleet modernization and long-term business growth objectives. As a lessor with a substantial orderbook, CDB Aviation engages in discussions with existing and prospective customers to leverage their orderbook and offer price-competitive leasing products.
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The signing of the lease agreements between CDB Aviation and Turkish Airlines not only strengthens their partnership but also underscores the importance of sustainable aviation practices. By introducing the fuel-efficient Boeing 737 MAX 8 aircraft, Turkish Airlines takes another step towards building a greener and more sustainable future for the aviation industry.
