CIT Orders 20 Airbus Planes, Worth USD$1.9 Bln

March 13, 2008

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Finance and leasing firm CIT Group said on Wednesday it would buy 20 new planes from Airbus, worth about USD$1.9 billion at list prices.

CIT, one of the largest plane lessors, said it would buy 15 Airbus A320 family planes and five wide-body A330 planes, scheduled for delivery between 2011 and 2014.