CIT Group Inc. has announced at the 50th Paris Air Show that its aircraft-leasing subsidiary CIT Aerospace has placed an order for 30 Boeing...

CIT Group Inc. has announced at the 50th Paris Air Show that its aircraft-leasing subsidiary CIT Aerospace has placed an order for 30 Boeing 737 MAX 8s.

“The addition of these Boeing 737 MAX 8s ensures that CIT Aerospace maintains one of the youngest and most fuel efficient fleets,” says C. Jeffrey Knittel, president of CIT Transportation Finance.


Leasing company CIT Group Inc. announced on June 19, 2013 from the 50th Paris Air Show that CIT Aerospace had placed an order for 30 Boeing 737 MAX 8s. Pictured here is an image of the 737 MAX 8 in CIT's house livery

Leasing company CIT Group Inc. announced on June 19, 2013 from the 50th Paris Air Show that CIT Aerospace had placed an order for 30 Boeing 737 MAX 8s. Pictured here is an image of the 737 MAX 8 in CIT’s house livery

“As a leading aircraft lessor, we continually strive to provide our customers with the most technologically advanced aircraft,” adds Knittel. “The Boeing MAX provides the fuel burn improvement and lower seat mile cost that our customers demand to run their airlines with optimal efficiency.”

Boeing claims that airlines operating the Boeing 737 MAX will see a 13 per cent fuel-use improvement over today’s most fuel-efficient single-aisle jets and an 8 per cent operating cost per seat advantage over tomorrow’s competition.

Airbus and others would strongly dispute this claim, not least because calculations by various independent analysts have indicated that, while the Boeing 737 MAX 8 might be marginally more fuel-efficient per seat than the Airbus A320neo, both the A319neo and the A321neo will be more fuel-efficient per seat than their 737 MAX counterparts, the 737 MAX 7 and the 737 MAX 9.

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.

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