CIT orders five additional A321ceo aircraft

Strong demand for the A321, Airbus’ largest single-aisle aircraft

CIY Group Inc. (NYSE: CIT), a global leader in transportation finance has placed a firm order for five more A321ceo aircraft, in effect doubling its most recent commitment for five A321ceo’s signed at the 2014 Farnborough International Airshow and firmed up in November 2014.

This latest agreement brings CIT’s total order for the A320 Family to 205 aircraft, comprising 155 CEO and 50 NEO aircraft.

“We continue to see strong demand for the A320 Family CEO and NEO models from operators looking to grow their business,” said Jeff Knittel, President of CIT Transportation & International Finance. “The larger A321 in particular is becoming an increasing sought after model, as steady passenger growth encourages airlines to deploy larger fuel-efficient aircraft.”

“When leading lessor, CIT, continues to place incremental orders for the A321, we take that as a clear confirmation of the trend for larger aircraft and the high value the market places on this largest member of our popular, fuel-efficient A320 Family,” said John Leahy, Airbus Chief Operating Officer, Customers. “The A320 Family is a solid investment for lessors as it is recognised worldwide as the number one, best-selling single-aisle aircraft family and the preferred choice with airlines in all segments thanks to its unbeatable economics, high operational reliability and best-in-class passenger comfort.”

While passengers benefit from the A321’s state-of-the-art cabin design, wider seats and superior comfort, airlines profit from the unique operational flexibility of Airbus’ single-aisle aircraft. The A320 Family is the world’s best-selling single aisle product line with over 11,500 orders to date and over 6,400 aircraft delivered to 400 customers and operators worldwide. Thanks to its wider 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.