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CIT Announces Order for Rolls Royce Trent Engines to Power 23 Airbus Aircraft
Wednesday, May 22, 2013 09:22 AM
As one of the leading aircraft lessors in the world, we strive to provide our customers with the most fuel efficient, technologically advanced products

NEW YORK – CIT Group Inc. (NYSE: CIT) cit.com, a global leader in transportation finance, today announced that CIT Aerospace has placed an order with Rolls Royce for Trent XWB engines to power ten Airbus A350 XWB aircraft and Trent 700 engines to power 13 Airbus A330 aircraft.

“As one of the leading aircraft lessors in the world, we strive to provide our customers with the most fuel efficient, technologically advanced products,” said C. Jeffrey Knittel, President of CIT Transportation Finance. “The Trent family of engines has proven to be reliable in offering high fuel and operating efficiency and it remains in high demand among our global customer base.”

Eric Schulz, President – Civil Large Engines, Rolls-Royce, said, “CIT is a valued customer and we are delighted that it has again put its trust in our industry-leading technology. This order underscores the market-leading position of the Trent 700, and reflects our ability to deliver a Trent XWB engine that has already proven itself in test flights to be the most efficient large aero engine flying today.”

CIT now has ordered a total of 15 Trent XWB to power the Airbus A350 XWB. 

EDITOR’S NOTE:
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About CIT Aerospace
CIT Aerospace provides financing solutions to a broad spectrum of the global aerospace value chain ranging from operators of commercial and business aircraft to manufacturers and suppliers in the aerospace and defense industries as well as financial institutions.  cit.com/aerospace 

About CIT
Founded in 1908, CIT (NYSE: CIT) is a bank holding company with more than $35billion in financing and leasing assets. It provides financing and leasing capital and advisory services to its clients and their customers across more than 30 industries. CIT maintains leadership positions in small business and middle market lendingfactoringretail financeaerospaceequipment andrail leasing, and vendor finance. CIT also operates CIT Bank (Member FDIC), its primary bank subsidiary, which, through its online bank BankOnCIT.com, offers a suite of savings options designed to help customers achieve a range of financial goals. cit.com 

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Director ofCorporate Communications
(973) 740-5390
Curt.Ritter@cit.com 

Matt Klein
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(973) 597-2020
Matt.Klein@cit.com

Abby Cohn
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212-461-5713
Abby.Cohn@cit.com