Gregory Polek has spent his entire career in aviation journalism with AIN, starting as a proofreader and assistant to then-managing editor Mary Mahoney in 1995 after serving an internship with&nbsp;New Jersey Monthly&nbsp;magazine and completing his B.A. degree in English/Writing at New Jersey’s William Paterson College. By 1997 Polek accepted a position as an associate editor, covering the regional airline beat for&nbsp;Aviation International News&nbsp;in place of retiring industry veteran Don Anderson. The assignment took Polek across North America and Europe to profile regional airlines varying in size and mission from the likes of floatplane operators Kenmore Air and Chalk’s Ocean Airways to regional jet operators such as SkyWest and American Eagle. Today, in his dual role as Air Transport Editor and International Airshow Editor, Polek writes, edits, and manages AIN’s commercial aviation content while overseeing each of the company’s daily international air show publications in Paris, Farnborough, Singapore, and Dubai. Most recently Polek has assumed oversight of daily coverage of the Helicopter Association International’s annual Heli-Expo convention.

Senior Editor

Gregory Polek

China Development Bank (CDB) Financial Leasing has delivered the latest blow to the Boeing 737 Max order book by canceling delivery of 29 of the 101 jets that remain in its backlog, the&nbsp;company confirmed on Monday. CDB’s move comes three days after another major leasing group Gecas reached a so-called restructuring deal with Boeing including the cancellation of orders for 69 Max airliners. In the month of March alone, Boeing lost orders for 150 of the troubled narrowbodies, including a 75-unit commitment from Dublin-based leasing company Avolon.

 


In each case, Boeing raised the fact that the developments would serve to relieve some backlog pressure during the model's grounding.

 


“As we have done in the past months, where it has made sense, we have adjusted our order book to line up with the fact that we are building fewer Max airplanes than planned,” said Boeing in a statement. “Disciplined adjustments provide us with greater flexibility to manage the 4,000 outstanding 737 orders and protect the value of the Max in the marketplace. In light of the Covid-19 pandemic, this adjustment also helps to balance supply and demand with market realities, especially in the leasing channel.”

 


For its part, CDB thanked Boeing for its collaboration in&nbsp;the order restructuring, which includes a switch from its remaining Max 10s on order to Max 8s and a delivery deferral extended to between 2024 and 2026.

 


“In light of evolving aviation market dynamics, we’ve been working together with Boeing over many months to re-calibrate our Max order book to be in line with our long-term view of the market and related opportunities,” confirmed CDB Aviation chairman Xuedong Wang.

News and developments about airplanes, helicopters and unmanned air vehicles used in all varieties of operations, including airlines, military, business, commercial, general aviation and private.

CDB Leasing Axes Orders for 29 Boeing Max Jets

China Development Bank Aviation has restructured its Max backlog to include a cancellation of 29 deliveries. 

2024 Corporate Aviation Leadership Summit

Kerry Lynch

News and issues relating to business, corporate and private aviation, primarily regarding turbine-engine-powered airplanes and helicopters. Subjects include aircraft, engines, maintenance, operations, personnel, acquisitions, accidents, safety, security, and training.

Ultra-long-range model has amassed 75 records, many from customer trips

Speed Records Abound for Bombardier's Global 7500

We talk through the process from conception to delivery

Flying Privately: How Aircraft Like the Bombardier Global 8000 Come to Life

Hanneke Weitering

News and issues about aviation maintenance, repair and overhaul (MRO), covering all segments of the aviation industry; and modifications for aircraft and engines. Subjects include product support of aircraft, engines and avionics, MRO company mergers, acquisitions, announcements and personnel, Airworthiness Directives, Supplemental Type Certificate approvals and other topics.

News about simulators and training procedures, as well as workforce.

AltiSky will assemble, sell, and service VoltAero's aircraft

VoltAero Picks U.S. Distributor for Cassio Hybrid-electric Aircraft 

Jennifer Leach English

Company noncommittal on expanding its lineup upwards, citing $1B investment cost

Embraer’s Plans for a Larger Bizjet Remain Up in the Air

Operations ebbed, backlogs were steady, and available aircraft increased

GJC: Bizjet Market Continues To Stabilize in 3Q2024

Greenville-based charter operator pre-orders 10 eVTOL air taxis

SAI Flight To Operate SkyDrive eVTOL in South Carolina

Charles Alcock

News and developments about aircraft engines, including turbofan, turboprop, turboshaft and piston.

More In Aircraft

Speed Records Abound for Bombardier's Global 7500

Ultra-long-range model has amassed 75 records, many from customer trips

Flying Privately: How Aircraft Like the Bombardier Global 8000 Come to Life

We talk through the process from conception to delivery

VoltAero Picks U.S. Distributor for Cassio Hybrid-electric Aircraft

AltiSky will assemble, sell, and service VoltAero's aircraft

Embraer’s Plans for a Larger Bizjet Remain Up in the Air

Company noncommittal on expanding its lineup upwards, citing $1B investment cost

GJC: Bizjet Market Continues To Stabilize in 3Q2024

Operations ebbed, backlogs were steady, and available aircraft increased

SAI Flight To Operate SkyDrive eVTOL in South Carolina

Greenville-based charter operator pre-orders 10 eVTOL air taxis

AMSL Starts Untethered Flight Tests with Vertiia eVTOL Aircraft

Australian start-up is developing a hydrogen-powered aircraft

Deliveries Increase as EHang Works to Boost eVTOL Aircraft Performance

Chinese manufacturing wants to extend range with solid-state batteries

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