Bloomberg News

Airbus Wins $2.8 Billion A350-900 Order From U.S. Lessor CIT

January 03, 2013

Airbus SAS (EAD) won an order for 10 A350 wide-body aircraft from U.S. lessor CIT (CIT:US) Group Inc. that’s worth about $2.8 billion at list prices.

New York-based CIT agreed to buy the mid-sized -900 version of the A350 for delivery starting in 2019, taking its total backlog for the model to 15 planes, the companies said today.

Airbus now has 572 firm orders from 34 customers for the A350, which is due to fly in mid-2013 and enter service next year. The -900 variant can accommodate 314 passengers and is the most popular version of the new wide-body, with 375 commitments.

CIT has ordered 253 aircraft from Toulouse, France-based Airbus in total, comprising 187 A320-series single-aisle jets and 51 A330 wide-bodies, plus the A350s. The company has more than 110 long-haul planes already in its portfolio or on order.

With today’s deal, CIT becomes the biggest A350-900 customer among lessors. International Lease Finance Corp. has 14 of the type on order, Airbus data through November shows.

As of Sept. 30, CIT had outstanding orders for 157 planes, 88 of them from Airbus, it said in a statement today. The total includes 10 787 Dreamliners, the rival wide-body model from Boeing Co. (BA:US), according to the U.S. manufacturer’s website.

To contact the reporter on this story: Robert Wall in London at rwall6@bloomberg.net

To contact the editor responsible for this story: Benedikt Kammel at bkammel@bloomberg.net


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Companies Mentioned

  • CIT
    (CIT Group Inc)
    • $46.42 USD
    • -0.34
    • -0.73%
  • BA
    (Boeing Co/The)
    • $122.07 USD
    • -1.57
    • -1.29%
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