CIT Aerospace Orders 38 Boeing 737s

CIT Aerospace has placed an order for 38 Next-Generation Boeing 737s and purchase rights for an additional seven.

The order, with deliveries into 2017, includes 15 737-900ER (extended range) and 23 737-800 airplanes.

It is the largest order placed by a leasing company for the 737-900ER, the largest and newest member of the Boeing Next-Generation 737 family.

"This order of Next-Generation Boeing aircraft reflects our efforts to maintain one of the youngest and most technologically advanced fleets in the industry," said C. Jeffrey Knittel, president of Transportation Finance at CIT. "As a leading aircraft lessor, it is important that we continue to maintain a portfolio of operationally dependable and fuel-efficient aircraft for our customers."

CIT owns or finances a fleet of more than 300 commercial aircraft. As of 30 September 2010, CIT had 140 Boeing airplanes in its portfolio. With this new order, the company now has a total order book of 111 aircraft, of which 58 are Boeing.

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