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CIT Firms Up Order for 15 A330neo and 5 A321ceo Aircraft

  • Strong momentum growing for Airbus' new A330neo Widebody

CIT Group Inc. (NYSE: CIT), a global leader in transportation finance has firmed up its order for 15 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. 

“Given our long-term leadership on the A330 program, we are proud to be one of the first customers to sign a purchase agreement for the all-new A330neo aircraft,” said Jeff Knittel, President of CIT Transportation & International Finance.  “These agreements will enable us to provide fuel efficient solutions to our customers as CIT continues to be a leader in providing early access to the most sought after aircraft for our customers.”

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“When a leading lessor, CIT, adds the A330neo to its already extensive Airbus widebody portfolio of A330ceo’s and A350-900s, we take that as clear confirmation of our widebody family strategy fully meeting the requirements and expectations of the market,” said John Leahy, Airbus Chief Operating Officer, Customers. “CIT’s repeat order for A321ceo’s, is further evidence of the continuing high value placed by the market on this largest member of our popular A320 Family, which offers the best seat-mile costs of any single-aisle aircraft and the lowest fuel burn, emissions and noise footprint in its class.”                      

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. 

The A320 Family is the world’s best-selling single aisle product line with almost 11,000 orders to date and over 6,200 aircraft delivered to 400 customers and operators worldwide. Thanks to its widest cabin, all members of the A320 Family offer the industry’s best level of comfort in all classes and Airbus’ 18” wide seats in economy as standard.

Source : Airbus, an EADS N.V. company (Paris: EAD.PA) - view original press release

Published on ASDNews: Dec 3, 2014


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