Fulfills A Commitment Made At The Paris Air Show

CIT Aerospace has signed a purchase agreement with Airbus for the 50 A320neo family aircraft it had committed to at the 49th Le Bourget airshow on June 21st.

A320neo Airbus Image

This deal brings the total number of Airbus aircraft ordered by CIT since 1999 to 237, made up of 191 A320 Family aircraft (including the 50 A320neo aircraft), 41 A330s, five A350 XWBs ... of which 144 have been delivered so far.

“This A320neo order with Airbus allows CIT Aerospace to continue to add young and technologically-advanced aircraft to our portfolio, enabling us to provide the modern, fuel efficient aircraft that our customers demand,” said C. Jeffrey Knittel, President of Transportation Finance at CIT.

“This latest order from CIT underscores the leasing market’s continuing strong appetite for modern, fuel efficient and reliable aircraft”, said John Leahy, Airbus Chief Operating Officer, Customers. “In the short to medium haul segment, the A320neo family with 15 percent lower fuel consumption, is not only good for business but also for the environment”.

Close to 7,700 A320 Family aircraft have already been ordered and more than 4,700 delivered to more than 330 customers and operators worldwide. The A320neo is a new engine option for the A320 Family entering into service from 2015 and incorporates latest generation engines and large "Sharklet" wing tip devices, which Airbus says together will deliver 15 percent in fuel savings.

FMI: www.airbus.com