CDB Aviation Lease Finance signed an agreement with SpiceJet, a low-cost carrier in India, for the long-term lease of five Boeing 737 MAX 8 aircraft. All five aircraft are from CDB Aviation’s order book with Boeing and are expected to deliver to the airline in 2019.

“This lease agreement for a fleet of five 737 MAX 8s marks the beginning of a strong and lasting relationship with our newest partner SpiceJet, based on mutual trust, respect and commitment to advancing reciprocal growth,” said Peter Chang, CDB Aviation president and CEO. “Much like CDB Aviation, SpiceJet has recently been on a robust growth path, enjoying major success in enhancing customer-centricity and strengthening operations. We look forward to supporting the airline management’s vision to be one of India’s most advanced airlines, operating in the fastest growing aviation market in the world.”

CDB Aviation’s order book with Boeing currently comprises 78 737 MAX family aircraft. In 2017, CDB Aviation became one of the launch customers of the MAX 10 variant.

“The 737 MAX family represents some of the most advanced, fuel-efficient aircraft in the world today,” Chang said. “With our sizeable order position, we are confident that the MAX will play an important role in growing CDB Aviation’s aircraft portfolio and delivering superior performance and economics to our customers worldwide.”