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CIT Group, a leading provider of commercial and consumer finance solutions, has ordered five Airbus A350-800s, becoming a new customer for the
aircraft type, as well as placing a repeat order for 24 A320 Family aircraft.
Deliveries of the A320 Family will begin in 2007, and those of the
yet to be released, newly designed, A350s in 2012.
CIT's selection of the A350 takes total commitments for the new Airbus model to 130 aircraft from eight
customers.
"We chose the Airbus A350 after extensive analysis, because it will offer airlines new standards in performance and economics, together with unmatched passenger
appeal," said CIT Aerospace President Jeffrey Knittel. "Additionally, market demand is consistently high for Airbus' A320 Family, which continues to perform
exceptionally well with our clients around the world, so we wanted to buy more of them."
CIT's latest order takes its Airbus aircraft portfolio to more than 100 aircraft, making it one of the European manufacturer’s largest leasing-company customers. Its
portfolio already includes A319s, A320s, A321s and A330s.
The Airbus A350 features 60% advanced weight-saving materials, fuel-saving new-generation engines, and valuable savings in training and operation through
cockpit-commonality with today’s A330/A340 family.
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