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CIT Provides Financing to Global Knafaim Leasing
Transaction Represents New Customer Relationship For CIT Aerospace
Tuesday, November 12, 2013 08:30 AM
We are pleased to establish this new relationship with Global Knafaim Leasing

CIT Group Inc. (NYSE: CIT), a global leader in aircraft finance, today announced that CIT Aerospace provided a $36 million senior secured facility to Global Knafaim Leasing to finance its acquisition of two aircraft - one Airbus A321 leased to British Airways and one Boeing 737-800 leased to Comair.

Financing was provided by CIT Bank, the U.S commercial bank subsidiary of CIT. Terms of the transaction were not disclosed.

“We are pleased to establish this new relationship with Global Knafaim Leasing,” said John Morabito, Senior Vice President, Financial Institutions Group, CIT Aerospace. “This transaction highlights our ability to meet the financing needs of our clients as they seek to grow their aircraft portfolios. We look forward to building our relationship with Global Knafaim Leasing.”

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 and finances a fleet of approximately 330 commercial aircraft leased and financed to approximately 100 customers in 50 countries.|

About CIT 
Founded in 1908, CIT (NYSE: CIT) is a financial holding company with more than $35 billion in financing and leasing assets. It provides financing, leasing and advisory services to its clients and their customers across more than 30 industries. CIT maintains leadership positions in middle market lendingfactoringretail financeaerospaceequipmentand rail leasing, and vendor finance. CIT operates CIT Bank (Member FDIC), its primary bank subsidiary, which, through its Internet bank, offers a suite of savings options designed to help customers achieve a range of financial goals.

C. Curtis Ritter
Director of Corporate Communications
(973) 740-5390

Matt Klein
Vice President, Media Relations
(973) 597-2020