CIT Places order for new Airbus aircraft

CIT Group, a leading global commercial finance company, announced that CIT Aerospace, a unit of CIT, has signed contracts with Airbus for 20 new aircraft (fifteen A320 family aircraft and five A330) worth approximately $1.9 billion at list prices. The aircraft are scheduled to be delivered beginning in 2011 and continue through 2014.

Including this latest order CIT has ordered a total of 189 Airbus aircraft (152 A320 Family aircraft, including five ACJs, 30 A330s and seven A350 XWBs) of which 93 are already delivered.

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