Airbus A321 Stirs CIT Interest as Replacement for 757

Bloomberg reported that CIT’s Transportation Finance unit is a likely buyer of Airbus’s proposed long-range A321neo.

Citing a telephone interview, Bloomberg quoted CIT Transportation Finance president Jeff Knittel as saying, “Considering that we were a launch customer on the neo program, certainly we believe that the A321 long-range plane makes sense.” The 757 replacement market is “currently an underserved market which could exhibit good growth in years to come.”

To view the full Bloomberg report, click here.

Like this story? Begin each business day with news you need to know! Register now for FREE Daily E-News Broadcast and start YOUR day informed!

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
Susie Angelucci
Advertising: 484.459.3016

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.