CDB Financial cancels its order for 29 737 MAX jets

CDB Financial Leasing cancels its order for 29 Boeing's 737 MAX jetliners.
Boeing received a total of 150 737 MAX cancellations in March.
CDB Financial plans on switching its order from 737 MAX 10 to 737 MAX 8.

In its statement on Monday, CDB Financial Leasing also accentuated in its statement on Monday that it plans on switching its orders for 737 MAX 10 jets to the smaller-sized model 737 MAX 8. 20 deliveries, it further added, will be delayed to the year 2024 to 2026.

At the time of writing, CDB Financial is trading at 12 pence per share in the stock market that marks a little under 20% decline year to date.

Boeing, on the other hand, is exchanging hands at £123 per share that translates to a more than 60% decline in the stock market in 2020 so far.