Boeing and CDB Aviation Lease Finance have announced the signing of a Memorandum of Understanding (MoU) for 42 737 MAX 8s, 10 737 MAX 10s and eight 787-9 Dreamliners at the 2017 Paris Air Show.

With this commitment, valued at $7.4bn at list prices, CDB Aviation will become one of the launch customers for the 737 MAX 10, the newest member of Boeing's 737 MAX family.

Included in the agreement is the conversion of six 737 MAX 8 orders to the new 737 MAX 10s by the lessor from a previous order.

Based in Dublin, Ireland, CDB Aviation operates as a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., LTD (CDB Leasing). With a committed fleet of over 300 aircraft, CDB Aviation has over 10 years' experience in the business and is one of the largest and most influential Chinese-owned aviation leasing companies.