Lessor CIT Group orders 10 Embraer E-jets with options for 20

Leading US transportation finance company, the New York-based CIT Group Inc, has ordered 10 Embraer 190 and/or Embraer 195 jets and has retained options for up to 20 more.

Deliveries of the E-Jets are scheduled through 2015.

The E-jets will enter the leasing and financing portfolio of CIT Group unit CIT Aerospace, one of the world's largest aircraft-leasing companies. CIT owns or finances a fleet of approximately 300 commercial aircraft.

The agreement represented CIT Group's first direct order for Embraer E-jets.

''Embraer is very pleased to have such an important lessor as CIT Aerospace joining the E-jets program,'' says Paulo Cesar de Souza e Silva, Embraer's president, Commercial Aviation. ''After more than 1,000 firm orders, spread over 60 operators in 40 countries, this investment by CIT is further confirmation that the E-Jets have achieved a high level of attractiveness for the top-tier investor community.''

A leading global aircraft lessor, CIT Aerospace provides commercial aircraft lease financing through its commercial airlines unit, private aircraft lending through its business aircraft unit, and corporate finance solutions, such as cash flow and asset-backed loans through its transportation lending unit.