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CIT Announces Order With Embraer For Up To 30 E-Jets
Embraer E-jet
Embraer E-jet
Nov 07, 2011 - NEW YORK - CIT Group Inc, a global leader in transportation finance, today announced that CIT Aerospace placed an order for up to 30 Embraer 190 and/or Embraer 195 jets, ten of which are firm. Deliveries are scheduled through 2015. 

“We are pleased to announce our first direct order with Embraer for the E190/E195 aircraft, which will enable CIT Aerospace to offer an even more diverse set of products to its customers,” said C. Jeffrey Knittel, President of Transportation Finance at CIT. “This order allows CIT Aerospace to continue to maintain one of the youngest and most technologically advanced fleets in the industry and will help us meet our customers’ increased demand for this size aircraft.”

"Embraer is very pleased to have such an important lessor as CIT Aerospace  join the E-Jet program,  said Paulo Cesar de Souza e Silva, Embraer President, Commercial Aviation.  “After more than 1,000 firm orders, spread over 60 operators in 40 countries, this investment by CIT is further confirmation that the E-Jets have achieved a high level of attractiveness for the top-tier investor community."

CIT owns or finances a fleet of approximately 300 commercial aircraft. With this new order, the Company now has a total order book of 172 aircraft scheduled for delivery through 2019.

Source: CIT

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