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China’s CALC joins line-up for Boeing 737 MAX 10: sources

PARIS China Aircraft Leasing Group
Holdings (CALC) (1848.HK) is
among the inaugural customers for a larger new version of
Boeing’s 737 jetliner, two industry sources said on
Saturday.

The Boeing 737 MAX 10 will be launched at the Paris Airshow on
Monday with the backing of at least two Chinese lessors – CALC
and the aviation arm of China Development Bank, whose interest
in the aircraft emerged earlier this week.

Boeing and CALC declined to comment.

CALC’s purchase of the newest variant of Boeing’s most-sold jet
is seen as part of an order for 50 aircraft from the 737 MAX
family announced by the Hong Kong leasing firm this week.

CALC, part-owned by China Everbright Bank (601818.SS), reported the overall
order on Thursday but did not disclose a breakdown by type of
model.

It is the company’s first Boeing order and will diversify its
portfolio following previous Airbus purchases.

The stock exchange posting on the eve of the world’s largest
air show is the most concrete sign so far that the widely
expected launch of the Boeing 737 MAX 10 is going ahead,
subject to the formal approval of Boeing directors.

The launch is expected to be backed by low-cost operators Lion
Air of Indonesia and India’s Spicejet.

Ireland’s Ryanair (RYA.I) has
confirmed a financecapital report that it is looking at the jet.

It could also include an order from United Airlines (UAL.N), which Boeing has been actively
wooing as a marquee customer.

The 190-230-seat Boeing 737 MAX 10 is designed to plug a gap at
the top end of Boeing’s single-aisle range after strong sales
of the competing Airbus A321neo.

It will be delivered from 2020.

(Reporting by Tim Hepher; Editing by Adrian Croft)


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