CIT Orders Five More Airbus A321ceo Aircraft

CIT Group has placed a firm order for five more Airbus A321ceo aircraft, in effect doubling its most recent commitment for five A321ceo’s signed at the 2014 Farnborough International Airshow and firmed up in November 2014.

This latest agreement brings CIT’s total order for the A320 Family to 205 aircraft, comprising 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, added, “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 recognised 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.”