CIT Signs MOU for 15 A330neo and 5 A321ceo Aircraft

CIT Group has signed Memorandums of Understanding for 15 Airbus A330-900neo aircraft and five A321ceo aircraft.

The A330-800neo and the A330-900neo are two new members of the Airbus Widebody Family launched in July 2014 with first deliveries scheduled to start in Q4 2017.

The A330neo incorporates latest generation Rolls-Royce Trent 7000 engines, aerodynamic enhancements and new cabin features.

“As one of the largest aircraft lessors in the world, we are pleased to be able to once again partner with Airbus on the newest variant of the A330, as well as their A320 Programme,” said Jeff Knittel, President of CIT Transportation & International Finance. “These new aircraft will allow CIT to maintain one of the youngest and most technologically advanced fleets in the industry, while providing fuel efficient aircraft solutions to our customers through a range of sizes and categories of aircraft.”

Fabrice Brégier, Airbus President and CEO, said, “We are delighted to see CIT, one of the largest aircraft lessors in the world, stepping up to become one of the first customers for our recently launched A330neo. This is a strong guarantee that our newest, most cost-efficient, medium range Widebody aircraft is set to become yet another Airbus best-seller ... CITs continuing appetite for our highly competitive largest single-aisle model, the A321, is evidence that the market is growing and is looking for increased capacity, productivity and the best standard of cabin comfort, all key attributes of the best-selling A320 Family.”

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