A320neo continues to scoop up orders from top leasing companies

CIT Group Inc., a leading global commercial finance company, has signed a Memorandum of Understanding (MoU) with Airbus for 50 A320neo Family aircraft. The deal was signed today at the 49th Le Bourget airshow by C. Jeffrey Knittel, President of Transportation Finance at CIT and John Leahy, Airbus Chief Operating Officer Customers.

This order brings the total number of aircraft in the Airbus order book for CIT to 241 aircraft, comprising 195 A320 Family aircraft (including the 50 A320neo aircraft), 39 A330s, seven A350 XWBs. Of these 141 have been delivered so far.

“This order will enable CIT Aerospace to maintain one of the youngest and most technologically advanced fleets in the industry and will help us meet our customers’ demand for state-of-the-art, fuel efficient aircraft,” said C. Jeffrey Knittel, President of Transportation Finance at CIT.

“We are delighted that a long standing Airbus customer and leading leasing company such as CIT has placed its first order for the industry’s new benchmark in fuel efficient, single-aisle aircraft, the A320neo,” said John Leahy, Airbus Chief Operating Officer Customers. ”This order yet again underlines the continued anticipated high demand for A320neo on the leasing market in particular thanks to their outstandingly high levels of reliability and unbeatable economics of the A320 Family.”

Airbus press release