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Thursday, January 3, 2013

CIT Places Firm Order for 10 Airbus A350 XWB Aircraft

 U.S.-based bank holding company CIT Group Inc. (CIT) has signed an order for 10 Airbus A350-900 aircraft, the aircraft maker said Thursday.

Airbus, a unit of European Aeronautic Defence & Space Co. NV (EAD.FR), said it is the second time that CIT has ordered A350 XWBs, or Xtra Wide-Body, a new mid-size long-range aircraft.

"This order for Airbus A350 XWBs will further expand our portfolio of medium- to long-haul aircraft," said C. Jeffrey Knittel, president of CIT Transportation Finance.

On the basis of list prices for A350-900s, the deal was valued at $2.77 billion.


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