CIT Aerospace Leases New Aircraft to Qatar Airways
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CIT Aerospace Leases New Aircraft to Qatar Airways
NEW YORK and DOHA, Qatar, Sept. 18 /PRNewswire-FirstCall/ --
CITAerospace, a unit of CIT Group Inc. (NYSE: CIT), a leading global provider
of commercial and consumer finance solutions, today announced that Qatar
Airways has entered into contracts to lease six new Airbus aircraft. The
order includes (1) A320 and (5) A321-200s which will be delivered in 2007
and 2008. CIT Aerospace is one of the world's largest aerospace financing
and leasing companies.
"This transaction reflects our ability to meet the needs of our rapidly
growing customer base in the Middle East," said C. Jeffrey Knittel,
president of CIT Aerospace. "We are pleased to have partnered with Qatar
Airways and look forward to a long-term relationship with one of the
fastest growing and most prestigious airlines in the region."
Akbar Al Baker, chief executive officer of Qatar Airways said, "Qatar
Airways is growing at a phenomenal rate and in order to meet our expansion
plans, we have looked carefully at ways to boost our fleet size. This
significant transaction with CIT Aerospace represents an important increase
in Qatar Airways' narrow-body fleet, geared to further improving
connectivity and convenience for our customers over our Doha hub. We are
very pleased indeed to welcome CIT Aerospace as another key partner to help
facilitate our growth."
About CIT Aerospace
CIT Aerospace, a unit of CIT Group Inc. (NYSE: CIT), 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. http://www.CIT.com
About Qatar Airways
Qatar Airways is among an elite group of international airlines ranked
with a Five Star status for service and excellence by Skytrax, the
independent aviation industry monitoring agency. The airline's cabin crew
was recently voted Best in the Middle East for the fourth consecutive year,
while Qatar Airways' global standings rose to an admirable sixth best in
the world as adjudged by Skytrax. Qatar Airways, which serves 70
destinations worldwide from its operational hub of Doha, capital of the
State of Qatar, currently operates a fleet of 48 Airbus aircraft and plans
to more than double its size to 110 jets by 2015
CITAerospace, a unit of CIT Group Inc. (NYSE: CIT), a leading global provider
of commercial and consumer finance solutions, today announced that Qatar
Airways has entered into contracts to lease six new Airbus aircraft. The
order includes (1) A320 and (5) A321-200s which will be delivered in 2007
and 2008. CIT Aerospace is one of the world's largest aerospace financing
and leasing companies.
"This transaction reflects our ability to meet the needs of our rapidly
growing customer base in the Middle East," said C. Jeffrey Knittel,
president of CIT Aerospace. "We are pleased to have partnered with Qatar
Airways and look forward to a long-term relationship with one of the
fastest growing and most prestigious airlines in the region."
Akbar Al Baker, chief executive officer of Qatar Airways said, "Qatar
Airways is growing at a phenomenal rate and in order to meet our expansion
plans, we have looked carefully at ways to boost our fleet size. This
significant transaction with CIT Aerospace represents an important increase
in Qatar Airways' narrow-body fleet, geared to further improving
connectivity and convenience for our customers over our Doha hub. We are
very pleased indeed to welcome CIT Aerospace as another key partner to help
facilitate our growth."
About CIT Aerospace
CIT Aerospace, a unit of CIT Group Inc. (NYSE: CIT), 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. http://www.CIT.com
About Qatar Airways
Qatar Airways is among an elite group of international airlines ranked
with a Five Star status for service and excellence by Skytrax, the
independent aviation industry monitoring agency. The airline's cabin crew
was recently voted Best in the Middle East for the fourth consecutive year,
while Qatar Airways' global standings rose to an admirable sixth best in
the world as adjudged by Skytrax. Qatar Airways, which serves 70
destinations worldwide from its operational hub of Doha, capital of the
State of Qatar, currently operates a fleet of 48 Airbus aircraft and plans
to more than double its size to 110 jets by 2015
