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CIT Aerospace orders Ten Additional Airbus Aircraft

Travel News Asia Latest Travel News Podcasts Friday, 5 September 2008

The CIT Group, a leading global commercial finance company, has signed a firm contract with Airbus for a further ten A320 Family aircraft. With this order, the total number of aircraft in the Airbus order book for the CIT Group now stands at 199 aircraft, comprising 157 A320 Family aircraft, 30 A330s, seven A350s and five A319s for executive and private use. Of these, 100 have already been delivered.

"We are pleased to announce this follow-on order for 10 new A320 family aircraft," said Tony Diaz, Executive Vice President of CIT Aerospace, Commercial Airlines at CIT. "This new order will help us meet customer demand for younger, more fuel efficient aircraft."

John Leahy, Airbus Chief Operating Officer Customers, added, "We are delighted that an important leasing company such as CIT has again chosen to place repeat orders with Airbus. This order confirms the important role that leasing companies have in the aviation industry, particularly in the current market situation. It is also a re-affirmation of the continued success of our A320 Family, allowing CIT to offer the most modern and efficient single aisle aircraft on the market today."

The A320 Family, which includes the A318, A319, A320 and A321, features fly by wire controls and all share a unique cockpit and operational commonality across the range.

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