CIT Aerospace Delivers Its First Airbus A330 to Edelweiss Air.Business Editors NEW YORK--(BUSINESS WIRE)--Nov. 22, 2000 CIT n. 1. A citizen; an inhabitant of a city; a pert townsman; - used contemptuously. Which past endurance sting the tender cit. - Emerson. Aerospace, a unit of Capital Finance, an operating group of The CIT Group (NYSE NYSE See: New York Stock Exchange : CIT; TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : CIT.U), today announced that it took delivery of Airbus A330 - 200 with Rolls Royce Rolls Royce the millionaire’s vehicle. [Trademarks: Brewer Dictionary, 928] See : Luxury Trent 772B engines. The brand new aircraft (serial # 369), leased to Edelweiss Air Edelweiss Air AG is a charter airline based in Zürich, Switzerland. It operates passenger services to the Mediterranean, Red Sea, Maldives, Kenya, Caribbean, South Asia (Sri Lanka) and Canary Islands. Its main base is Zürich Airport[1]. , was delivered to the airline in an official ceremony yesterday in Zurich, Switzerland where Edelweiss is located. "We are proud that Edelweiss Air selected CIT as its partner," said Nikita Zdanow, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Capital Finance. "The deal was hotly contested since Edelweiss Air and their main stockholder Kuoni Travel Kuoni Travel Limited is a subsidiary of Kuoni Holdings Limited based in Zürich, Switzerland. The company was founded in 1906 by the entreprenaur Alfred Kuoni. The UK organisation is headquartered at Kuoni House in Dorking, Surrey, England. carry an excellent reputation in the industry. We are also happy that the airline selected the A330-200 aircraft as we believe it has unparalleled performance, economics and great passenger comfort," added Zdanow. "With the addition of this brand new plane, we are also commencing our long-haul flight service," said Nik Grob, CEO of Edelweiss Air AG. "We are thrilled with the opportunity that this new plane brings to us and with the opportunity to work with CIT as we continue our expansion." Edelweiss Air AG, a leading European charter airline, was established in 1995 in Zurich, Switzerland. Since its first commercial flight in February 1996, Edelweiss Air has already conveyed more than a million passengers. The company's main stockholder is KUONI Travel, one of Europe's oldest and largest travel groups. In 1998 and 1999, Kuoni won the "World Travel Award" for the world's best tour operator. About CIT Aerospace has more than 90 airline customers worldwide and a portfolio of more than 300 commercial aircraft from all major aircraft manufacturers. CIT Aerospace, a business unit of Capital Finance, a CIT operating group, offers customized leasing and financing packages for new and used aircraft with a special focus on operating leases for commercial airlines worldwide. For more information visit www.citaerospace.com Founded in 1908, The CIT Group (www.cit.com) is the world's largest publicly held commercial finance company, with over $50 billion in managed assets. Fortune magazine named CIT one of America's Most Admired Company's in February 2000. InformationWeek magazine ranks CIT #2 in its annual survey of top 500 companies using innovation in IT. |
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