Category Archives: CIT Aerospace

The CIT Group firms up its Airbus order

 

CIT logo

CIT Group Inc. (CIT Aerospace) (New York) has firmed up its order for 15 Airbus A330-900neo aircraft and five A321ceo aircraft. CIT became one of the launch customers of the A330neo after signing its initial agreement in July 2014, at the Farnborough International Airshow.

CIT Aerospace A330-900 (Flt)(Airbus)(LRW)

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CIT commits to order 15 A330neo and 5 A321ceo aircraft

CIT Aerospace A330-900 (Flt)(Airbus)(LRW)

CIT Group Inc. (CIT Aerospace) has announced a commitment to order 15 Airbus A330-900neo aircraft and five A321ceo aircraft, becoming a launch customer for the new A330neo. The Memorandums of Understanding (MoU) were signed at the 2014 Farnborough International Airshow by Jeff Knittel, President of CIT Transportation & International Finance and Fabrice Brégier, Airbus President & CEO. CIT will announce its engines selection for the A321 aircraft at a later date.

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. Benefitting from the unbeatable economics, versatility and high reliability of the A330, the A330neo reduces fuel consumption by 14% per seat, making it the most cost efficient, medium range Widebody aircraft on the market. In addition to greater fuel savings, A330neo operators will also benefit from a range increase of up to 400 nautical miles and of course all the operational commonality advantages of the Airbus Family.

Image: Airbus.

CIT Aerospace orders 10 Boeing 787-9 Dreamliners

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Boeing (Chicago and Seattle) and CIT Group Inc., a global leader in transportation finance, announced today that CIT Aerospace has placed an order for 10 787-9 Dreamliners, valued at $2.5 billion at current list prices. This brings the leasing company’s total 787 orders to 20, including 16 787-9s.

The Boeing 787-9 Dreamliner is the second member of the super-efficient 787 family and celebrated its first customer delivery in June. Both the 787-8 and 787-9 bring the economics of large jets to the middle of the market, with 20 percent less fuel use and 20 percent fewer emissions than similarly sized airplanes and passenger-pleasing features. At 20 feet (6 meters) longer than the 787-8, the 787-9 extends the family in capacity and range, flying more passengers and more cargo farther.

Founded in 1908, CIT is a financial holding company with more than $35 billion in financing and leasing assets. It provides financing, leasing and advisory services to its clients and their customers across more than 30 industries. CIT maintains leadership positions in middle market lending, factoring, retail and equipment finance, as well as aerospace, equipment and rail leasing. CIT’s U.S. bank subsidiary CIT Bank (Member FDIC), BankOnCIT.com, offers a variety of savings options designed to help customers achieve their financial goals.

CIT Aerospace orders 30 Boeing 737 MAX 8s

CIT Aerospace 737-MAX8 Artwork

CIT Group Inc. (CIT Aerospace) (New York) and Boeing today announced from the 2013 Paris Air Show that CIT Aerospace has placed an order for 30 737 MAX 8s.

As of March 31, 2013, CIT owned or financed a fleet of approximately 350 commercial aircraft, including operating lease and financing agreements in place for 128 Boeing aircraft.

Founded in 1908, CIT is a bank holding company with more than $35 billion in financing and leasing assets. It provides financing and leasing capital and advisory services to its clients and their customers across more than 30 industries. CIT maintains leadership positions in small business and middle market lending, factoring, retail finance, aerospace, equipment and rail leasing, and vendor finance. CIT also operates CIT Bank (Member FDIC), its primary bank subsidiary, which, through its online bank BankOnCIT.com, offers a suite of savings options designed to help customers achieve a range of financial goals

Image: Boeing. Pictured here is an image of the 737 MAX 8 in CIT livery (which has never has been painted).

CIT Aerospace orders 10 Airbus A350 XWB aircraft

CIT logo

CIT Group, Inc. today announced that CIT Aerospace (New York) has placed an order with Airbus for 10 A350 XWB aircraft. Deliveries are scheduled to begin in 2019.

This order adds to CIT’s total order book as of September 30, 2012 of 157 aircraft of which 88 were Airbus aircraft. Including this latest announcement, CIT has ordered a total of 253 Airbus aircraft comprising 187 A320 Family, 51 A330 Family and 15 A350 XWB Family.

CIT Aerospace orders 10 Airbus A330s

CIT Group Inc. (CIT) (cit.com) (New York) today announced from the Farnborough International Air Show that CIT Aerospace has placed orders with Airbus for 10 A330 aircraft in 2012. Five A330 aircraft were ordered earlier this year in conjunction with the cancellation of orders for four A320 family aircraft and the exercise of an aircraft purchase option. An agreement to acquire the additional five aircraft was entered into at the Air Show this morning. Deliveries are scheduled to begin in 2014.

As of March 31, 2012, CIT owned or financed a fleet of more than 325 commercial aircraft, including 157 Airbus aircraft on operating lease. With this new order, the company now has a total order book of 162 aircraft scheduled for delivery through 2019, of which 89 are for Airbus aircraft.