Sunday, April 13, 2008

CIT Leases 3 Airbus Jets to Saudi Airline Nasair

NEW YORK (AP) -- CIT Group Inc. said its aerospace unit leased three Airbus jets to Saudi Arabian airline Nasair, expanding its position in the burgeoning market for air travel in the Middle East.

About 7 percent of the unit's 300 airplanes are leased in the region.

The company said its CIT Aerospace unit will lease three Airbus A320-200s to the fledgling Saudi discount carrier.

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