The order, which specifies deliveries into 2017, includes 15 737-900ERs and 23 737-800s. It is the largest order placed by a leasing company for...

CIT Group Inc.’s aircraft-leasing subsidiary CIT Aerospace has placed an order for 38 Boeing Next-Generation 737s and taken purchase rights on seven additional 737s.

The order, which specifies deliveries into 2017, includes 15 737-900ERs and 23 737-800s. It is the largest order placed by a leasing company for the extended-range 737-900ER, the largest and newest member of the Boeing Next-Generation 737 family. This is also the largest order placed by CIT for Boeing aircraft.


“This order of Next-Generation Boeing aircraft reflects our efforts to maintain one of the youngest and most technologically advanced fleets in the industry,” says Jeff Knittel, president of Transportation Finance at CIT. “As a leading aircraft lessor, it is important that we continue to maintain a portfolio of operationally dependable and fuel-efficient aircraft for our customers.”

With a 38-aircraft order for Boeing 737NGs on January 4, 2011, leasing company CIT Aerospace increased its total direct buy of 737NGs from Boeing over the years to 84 aircraft. Its orders have included 737-700s, 737-800s and 737-900ERs. This computer graphic image shows a 737-700 in CIT Aerospace's house colors

“CIT will be receiving its 737s with the innovative Boeing Sky Interior and other performance improvements that will keep its airplanes at the leading edge of passenger comfort, efficient operations and reduced fuel consumption,” notes Marlin Dailey, vice president of sales & marketing for Boeing Commercial Airplanes.

New York-based CIT Aerospace owns or finances a fleet of more than 300 commercial aircraft. As of September 30, CIT had 140 Boeing aircraft in its portfolio.  The company now has a total order book of 111 aircraft, of which 58 are Boeing jets.

The latest order takes CIT Group’s total firm orders for 737NGs to 84 aircraft, including the new 38-aircraft order.

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