CIT Orders Five Additional A321ceo Aircraft
April 02 2015 - 8:00AM
Business Wire
CIT Group Inc. (NYSE:CIT), a global leader in
transportation finance, today announced that CIT Aerospace has
ordered five additional A321ceo (current engine option) aircraft.
This order is in addition to its previous order for five
A321-200ceo aircraft signed at the 2014 Farnborough International
Airshow and firmed up in November 2014. Deliveries of this new
order are scheduled for 2016.
This latest agreement brings CIT Aerospace’s total order for the
A320 Family to 205 aircraft, comprised of 155 CEO and 50 NEO
aircraft.
“We continue to see strong demand for the A320 Family CEO and
NEO models from operators looking to grow their business,” said
Jeff Knittel, President of CIT Transportation & International
Finance. “The larger A321 in particular is becoming an increasing
sought after model, as steady passenger growth encourages airlines
to deploy larger fuel-efficient aircraft.”
John Leahy, Airbus Chief Operating Officer, Customers, said,
“When leading lessor, CIT, continues to place incremental orders
for the A321, we take that as a clear confirmation of the trend for
larger aircraft and the high value the market places on this
largest member of our popular, fuel-efficient A320 Family. The A320
Family is a solid investment for lessors as it is recognized
worldwide as the number one, best-selling single-aisle aircraft
family and the preferred choice with airlines in all segments
thanks to its unbeatable economics, high operational reliability
and best-in-class passenger comfort.”
About Airbus
Airbus is the world’s leading commercial aircraft manufacturer
whose customer focus, commercial know-how, technological leadership
and manufacturing efficiency have set the standard for the aviation
industry. Headquartered in Toulouse, France, Airbus is owned by the
Airbus Group, a global leader in aerospace, defense and related
services. In addition to Airbus’ commercial aircraft activities,
this group is comprised of the Airbus Helicopters and Airbus
Defense and Space business units and maintains a presence on every
continent. airbus.com
About CIT Aerospace
CIT Aerospace provides customized leasing and secured financing
to operators of commercial and business aircraft. Its
financing services include operating leases, single investor
leases, leveraged financing, sale and leaseback arrangements, as
well as loans secured by equipment. cit.com/aerospace
About CIT
Founded in 1908, CIT (NYSE:CIT) is a financial holding company
with more than $35 billion in financing and leasing assets. It
provides financing, leasing and advisory services to its clients
and their customers across more than 30 industries. CIT maintains
leadership positions in middle market lending, factoring, retail
and equipment finance, as well as aerospace, equipment and rail
leasing. CIT’s U.S. bank subsidiary CIT Bank (Member FDIC),
BankOnCIT.com, offers a variety of savings options designed to help
customers achieve their financial goals. cit.com
CIT MEDIA RELATIONS:C. Curtis Ritter, 973-740-5390Senior
Vice President of Corporate CommunicationsCurt.Ritter@cit.comorMatt
Klein, 973-597-2020Vice President, Media
RelationsMatt.Klein@cit.comorCIT INVESTOR RELATIONS:Barbara
Callahan, 973-740 -5058Senior Vice
PresidentBarbara.Callahan@cit.com
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