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Expands Fleet with Five 787 Dreamliners
CIT Group Inc. (NYSE:CIT) , a leading global provider of commercial and consumer finance solutions, announced that CIT Aerospace, a unit of CIT, has signed contracts with Boeing for five 787 Dreamliners, valued at approximately $810 million at list prices.
The purchase will double the number of 787 Dreamliners on order by CIT Aerospace. CIT owns or finances a fleet of more than 300 aircraft, including 31 Boeing Next-Generation 737s. The company has an additional 10 Next Generation 737 aircraft on backlog.
"There continues to be high market demand for twin-aisle, more fuel efficient aircraft," said C. Jeffrey Knittel, President of CIT Transportation Finance. "We are confident that the 787 Dreamliner will deliver the level of technological innovation and comfort that our customers demand."
John Feren, Vice President of Sales, Leasing & Asset Management, Boeing Commercial Airplanes, said, "Boeing is proud of its successful partnership with CIT, a leader in aircraft leasing, to bring the benefits of the 787 Dreamliner to a widening operator base. CIT's decision to expand its Boeing 787 fleet reflects the continued confidence of the airplane leasing industry in the airplane's overall value and capability."
For more information: http://www.cit.com/

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