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

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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.

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

News about bills, laws, regulations and other governmental decisions affecting aviation and aerospace. Topics include FAA re-authorizations, taxes on fuel and aviation activities, environmental legislation, ICAO decisions, governmental mediation of labor conflicts and World Trade Organization disputes and decisions.

Latest prototype of the two-seater now features improved rotors 

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News and issues regarding all manner of civil and military rotorcraft and their powerplants, including helicopters, tilt rotors and unmanned air vehicles.

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New developments at airports including regulations and noise issues; legal disputes; openings, acquisitions and mergers.

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News and issues concerning general aviation, specifically airplanes and helicopters powered by piston and alternative engines (i.e., non-turbine powered aircraft). Subjects include aircraft, engines, personnel, acquisitions, accidents, safety, security and training.

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News and issues relating to the aerospace industry that are related to the science, engineering and business of flight in space involving civil, industrial and military applications, and similar topics related to flight in the atmosphere of the Earth that are not covered more directly by other AINonline subject channels. In other words, both astronautical and aeronautical subjects, except for those aeronautical topics that are specifically covered elsewhere on this website.

News and issues relating to international air transport and cargo carriers, national airlines and regional airlines, including aircraft, engines, personnel, acquisitions, accidents, safety, security and training.

Essential news and analysis on the defense aerospace business. Your trusted source for new and ongoing programs and requirements in military aircraft (manned and unmanned), engines, avionics, weapons and associated systems, including ground-based air defense.

Testing on Quarterhorse Mk 1 was completed in 21 days

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Jessica Reed

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.

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