WEST CHESTER, Ohio — 12 March 2015 — CIT Aerospace, a global leader in aircraft finance, announced its selection of CFM56-5B engines to power five new Airbus A321ceo aircraft. The order is valued at $100 million U.S. at list price and the aircraft will be delivered between 2015 and 2016.
"The CFM56 engine remains an important part of our portfolio” said Tony Diaz, president of CIT Aerospace. “CFM continues to deliver the reliable, cost-effective products that our customer base demands. This order is reflective of our confidence that they will continue to do so, all while providing world-class customer support.”
“We are pleased to continue our great long-standing relationship with CIT” said Jean-Paul Ebanga, president and CEO of CFM International. "We are proud to bring the industry's most reliable, cost-effective engines to their worldwide customer base.”
The CFM56-5B is the engine of choice for the Airbus A320ceo (current engine option) family and is popular with major airlines, low-cost carriers, and leasing companies alike, having been selected to power 55 percent of all aircraft currently in service or on order. More than 6,640 CFM56-5B engines have been delivered as of January 31, 2015 to operators around the globe. Primary factors behind the engine's broad-based market acceptance include this industry's best reliability, durability, low cost of ownership, and world-class customer and product support. The CFM56-5B is the only engine that can power every model of the A320 family, from the small A318 up to the A321, with the same bill of materials.
CFM56 engines are a product of CFM International, a 50/50 joint company between Snecma (Safran) and GE and the world’s largest supplier of commercial aircraft engines. As of 31 January 2015, 27, 368 CFM56 engines have been delivered to more than 530 operators around the globe. This fleet has achieved more than 730 million flight hours as the most reliable engines in the air.
For more information concerning CFM, visit us on the Web at www.cfmaeroengines.com or follow us on Twitter @CFM_engines.
About CIT Aerospace
CIT Aerospace provides customized leasing and secured financing to operators of commercial and business aircraft. Our financing services include operating leases, single investor leases, leveraged financing, sale and leaseback arrangements, as well as loans secured by equipment. For more information concerning CIT Aerospace, visit cit.com/aerospace