Boeing (NYSE: BA) and CIT Group Inc. (NYSE: CIT) today announced from the 2013 Paris Air Show that CIT Aerospace has placed an order for 30 737 MAX 8 aircraft.
C. Jeffrey Knittel, president of CIT Transportation Finance, said: "The addition of these Boeing 737 MAX 8s ensures that CIT Aerospace maintains one of the youngest and most fuel efficient fleets.
"As a leading aircraft lessor, we continually strive to provide our customers with the most technologically advanced aircraft. The Boeing MAX provides the fuel burn improvement and lower seat mile cost that our customers demand to run their airlines with optimal efficiency."
Ray Conner Boeing Commercial Airplanes President and chief executive officer added: "CIT is one of the leading lessors in the industry and this order demonstrates its confidence in the capabilities of the 737 MAX.
"The CIT leadership team recognizes the value the 737 MAX offers for its airline customers. The 737 MAX is on the leading edge of passenger comfort, fuel efficiency and reliability."
As of March 31, 2013, CIT owned or financed a fleet of approximately 350 commercial aircraft, including operating lease and financing agreements in place for 128 Boeing aircraft.
The 737 MAX is powered by CFM International LEAP-1B engines.
