CIT announces purchase of ten new Boeing 737s

CIT Group Inc. will purchase ten new Boeing 737-800 aircraft from Delta Air Lines upon the delivery of the aircraft by Boeing to Delta. The total dollar value of the aircraft is approximately US $600 million, based on current list prices. The ten aircraft are currently part of Delta’s existing order backlog with Boeing. Nine of the aircraft will be delivered in 2007 and one in 2008. The sale of the aircraft was approved by U.S. Bankruptcy Court presiding over Delta’s Chapter 11 bankruptcy proceedings.

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