CIT inks SLB with Monarch on A320s

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CIT Aerospace closed sale-leaseback agreements on three Airbus A321-200s with Monarch Airlines.

The aircraft (MSNs 1707, 1763, and 2234) are powered by IAE V2533-A5 engines.

The UK holiday carrier approached the market in August for five- to seven-year sale and leaseback transactions on five Airbus A321-200 aircraft, ranging in age from 2002-2004.

Monarch is a new customer for CIT.