Has 10 Narrowbodies, Five Dreamliners On Order

Boeing and CIT Aerospace, a business unit of CIT Group Inc. announced this week an order for five Boeing Next-Generation 737-700s, valued at approximately $295 million at list prices.

To date, CIT has taken delivery of 31 Next-Generation 737s and has a backlog of five 787 Dreamliners and 10 737s on order with Boeing.

"The Boeing Next-Generation 737 family has proven to be reliable and continues to be popular among our clients," said C. Jeffrey Knittel, President of CIT Aerospace. "Adding these five additional airplanes to our fleet helps us meet demand and further enhances our product offering to customers."

"With this follow-on order, CIT Aerospace clearly recognizes the excellent performance of the Boeing Next-Generation 737 as an investment," said John Feren, vice president of Sales - Leasing & Asset Management, Boeing Commercial Airplanes. "Demand for the efficient and reliable 737 family remains very strong from lessors and operators around the world."

Boeing states its 737-700 is one of the best-selling versions of the highly successful Next-Generation 737 family, and is consistently ranked as the most preferred airplane due to its wide market base, superior performance efficiency and lowest operating costs in its class.

FMI: www.boeing.com, www.citaerospace.com