Boeing, CIT Sign Order for Five Additional 737-700s

(Seattle, April 19, 2007) -- Boeing [NYSE:BA] and CIT Aerospace, a business unit of CIT Group Inc., a leading global provider of commercial and consumer finance solutions, today announced an order for five Boeing Next-Generation 737-700s, valued at approximately $295 million at list prices.

To date, CIT has taken delivery of 31 Next-Generation 737s and has a backlog of five 787 Dreamliners and 10 Next-Generation 737s on order with Boeing.

"The Boeing Next-Generation 737 family has proven to be reliable and continues to be popular among our clients," said C. Jeffrey Knittel, President of CIT Aerospace. "Adding these five additional airplanes to our fleet helps us meet demand and further enhances our product offering to customers."

"With this follow-on order, CIT Aerospace clearly recognizes the excellent performance of the Boeing Next-Generation 737 as an investment," said John Feren, vice president of Sales - Leasing & Asset Management, Boeing Commercial Airplanes. "Demand for the efficient and reliable 737 family remains very strong from lessors and operators around the world."

Source : Boeing

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