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China Development Bank Boosts Fleet with Boeing Deal
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China Development Bank Boosts Fleet with Boeing Deal

China Development Bank Financial Leasing Co Ltd Class H (HK:1606) has released an update.

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China Development Bank Financial Leasing Co., Ltd. has announced a significant acquisition of fifty 737-8 aircraft from The Boeing Company, aiming to upgrade its fleet with more advanced and fuel-efficient models. The transaction, which is set to take place between 2028 and 2031, falls within the company’s usual scope of business and meets the criteria for a Qualified Aircraft Leasing Activity, allowing exemption from certain regulatory procedures. This strategic move is expected to optimize the company’s asset structure and enhance its market competitiveness without the need for shareholder approval.

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