Etihad Airways has signed a contract with New York-based CIT Aerospace for the lease of two new Airbus A320-200 aircraft.

The two A320-200s are scheduled for delivery to the Abu Dhabi-based airline by the end of 2008. The aircraft will be powered by IAE V2527-A5 engines.

The deal, which confirms Etihad’s status as CIT Aerospace’s largest customer in the Middle East, was signed by the airline’s chief financial officer, James Rigney and Damon D’Agostino, senior vice president and chief sales officer of CIT Transportation Finance.

Rigney said: “The addition of these two new A320 aircraft will enable Etihad to add new routes to our expanding flying schedule – including Moscow and Almaty in Khazakhstan, where we will launch new services to this December.”

The two narrow-body aircraft are the first new A320-200s that CIT has leased to Etihad. Currently, Etihad leases two A330s from CIT and has two additional A330-200s on order for delivery in early 2009.

Etihad Airways currently operates four Airbus A320 aircraft, used predominantly on short-haul, high frequency routes within the Middle East.

With the addition of these two new A320 aircraft, Etihad will possess 10 aircraft in its narrow-body fleet by the end of 2008. Moving forward, additional narrow-body aircraft will be added to the fleet.

CIT Aerospace owns or finances a fleet of more than 300 commercial aircraft.