These are the first aircraft leases to originate through CIT Bank
New York - CIT Group Inc. (NYSE: CIT) cit.com, today announced that CIT Aerospace, a global leader in aircraft finance, has delivered two Airbus A321s to American Airlines.
“These are the first aircraft leases to originate through CIT Bank,” said John Morabito, Senior Vice President and Head of the Financial Institutions Group for CIT Aerospace. “These deliveries are the latest example of how CIT Bank allows CIT to competitively originate more new business opportunities.”
The aircraft, MSNs 5932 and 5938, are powered by IAE V2533-A5 engines. This brings the total to seven Airbus A321s and three A3192 that have been delivered by CIT to American Airlines. Future aircraft deliveries include three additional A321s, which are scheduled for delivery through third quarter 2014.
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 more than 300 commercial aircraft leased and financed to more than 110 customers in 50 countries. cit.com/aerospace
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 lending, factoring, retail and equipment finance, as well as aerospace, equipment and rail leasing. CIT operates CIT Bank (Member FDIC), its primary bank subsidiary, which, through its Internet bank BankOnCIT.com, offers a suite of savings options designed to help customers achieve a range of financial goals. cit.com