NEW YORK – CIT Group Inc. (NYSE: CIT) cit.com, today announced that CIT Aerospace, a global leader in aircraft finance has delivered one new A320 to Monarch Airlines of the U.K. This is the first A320 family aircraft in the CIT portfolio to deliver with Sharklets.
The aircraft, MSN 5526, is powered by CFM56-5B4/3 engines. This is the first of two new A320s that CIT will deliver to Monarch. The next delivery is scheduled for April 2013.
About CIT Aerospace
As one of the world's leading aircraft leasing organizations, CIT Aerospace provides leasing and financing packages – including operating leases and structuring and advisory services – for commercial airlines worldwide. CIT Aerospace owns a fleet of more than 350 commercial aircraft leased and financed to more than 100 customers in 55 countries. cit.com/aerospace
Founded in 1908, CIT (NYSE: CIT) is a bank holding company with more than $33 billion in financing and leasing assets. A member of the Fortune 500, it provides financing and leasing capital and advisory services to its clients and their customers across more than 30 industries. CIT maintains leadership positions in small business and middle market lending, factoring, retail finance, aerospace, equipment and rail leasing, and global vendor finance. CIT also operates CIT Bank (Member FDIC), its primary bank subsidiary, which, through its online bank BankOnCIT.com, offers a suite of savings options designed to help customers achieve a range of financial goals. cit.com
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