Lessor CIT Group has inked a memorandum of understanding with Airbus for 50 A320neo family aircraft.

The order, when firmed, "will help us meet our customers' demand for state-of-the-art, fuel efficient aircraft", said C Jeffrey Knittel, president of Transportation Finance at CIT.

It brings the total number of aircraft in the Airbus orderbook for CIT to 241, comprising 195 A320 family aircraft (including the 50 A320neo aircraft), 39 A330s and seven A350 XWBs. Of these 141 have been delivered so far.

Source: Air Transport Intelligence news