CIT signs MoU with Airbus for 50 A320neo Family aircraft
CIT Group Inc.,  a global leader in transportation finance, has signed a Memorandum of Understanding with Airbus for 50 A320neo Family aircraft. Deliveries are scheduled to begin in 2016. The 32 Airbus aircraft that CIT ordered in June, 2007 are all scheduled for delivery by 2016. CIT  chose CFM International’s LEAP-X1A engine to power 15 Airbus A320neo family aircraft.