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CIT Aerospace Delivers One Airbus A330 to Cebu Pacific Airlines
Tuesday, March 4, 2014 08:35 AM

NEW YORK – CIT Group Inc. (NYSE: CIT), today announced that CIT Aerospace, a global leader in aircraft finance, has delivered a new Airbus A330 to Cebu Pacific Airlines.  

The aircraft, MSN 1495, is powered by Rolls-Royce Trent 772B engines and is the first of two aircraft CIT will deliver to the airline in 2014. This recent delivery furthers a near decade-long relationship with Cebu Pacific Airlines, which has included the lease of multiple narrow and intermediate body Airbus aircraft, including six A320s and two A330s.

About CIT Aerospace
As one of the world's leading aircraft leasing organizations, CIT Aerospace provides leasing and financing solutions – including operating leases, capital leases, loans and structuring and advisory services – for commercial airlines worldwide. CIT Commercial Air owns and finances a fleet of more than 300 commercial aircraft and has more than 100 customers in approximately 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 and equipment finance, as well as aerospaceequipment and rail leasing. 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
Senior Vice President of Corporate Communications
(973) 740-5390

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