full text:
Expands Fleet with 25 A320s and Seven A350XWBs
CIT Group Inc. (NYSE:CIT) , a leading global provider of commercial and consumer finance solutions, announced from the 47th International Paris Air Show that it has signed contracts worth $3.3 Billion at list prices for 32 new Airbus aircraft, expanding its order book to 169 Airbus aircraft. The orders, made on behalf of CIT Aerospace, a unit of CIT, include 25 A320 Family Aircraft with options and seven A350XWBs. Five of the A350XWBs replace A350 aircraft previously ordered by CIT Aerospace.
"There is continued high market demand for the A320 Family," said C. Jeffrey Knittel, President CIT Transportation Finance. "Adding these 25 aircraft to our fleet further expands our product offering, enabling us to meet the needs of our customers. Additionally, the A350XWB will offer our customers attractive operating economics in this high growth segment."
CIT Aerospace owns or finances a fleet of more than 300 aircraft.
"Leasing companies such as CIT have the vision to look far into the future. With the signature of today's contract, CIT underlines its endorsement to the success of the A350XWB program," said John Leahy, Airbus Chief Operating Officer Customers. "CIT's repeat order also highlights the continuing strong demand for our best-selling A320 Family - still the benchmark in single-aisle aircraft innovation."
For more information: http://www.cit.com/

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