CIT Orders 15 A320 Family Aircraft and 5 A330s

(March 12, 2008) -- CIT Aerospace, a business unit of CIT Group Inc. (NYSE: CIT), a leading global commercial finance company, has signed a firm contract for 15 A320 Family aircraft and five A330-200s.

Including the order announced today, 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.

"As a global leader in the aircraft leasing market, CIT is proud to expand our fleet with these 20 new Airbus aircraft," said C. Jeffrey Knittel, President of Transportation Finance at CIT. "We continue to see a growing demand from our customer base for more efficient aircraft similar to the Airbus A320 and A330 Family of aircraft. As a result of this demand we decided to take advantage of the opportunity to further enhance and diversify our fleet."

"We are pleased to see a leading leasing company and valued Airbus customer placing repeat orders both for our current long-range aircraft and for the A320 Family. This is a further proof of the confidence of the financial sector in Airbus products", said John Leahy, Airbus Chief Operating Officer, Customers.

Source : Airbus

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