NEW YORK--(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
