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CIT Aerospace Delivers One Boeing 737-900ER To Lion Group
Wednesday, April 16, 2014 08:30 AM
The advantage of the 737-900ER is it is a high capacity narrowbody that can carry more passengers, while maintaining a low trip cost.

NEW YORK  – CIT Group Inc. (NYSE: CIT) cit.com, today announced that CIT Aerospace, a global leader in aircraft finance, has delivered a new Boeing 737-900ER to Indonesia’s Lion Group.

The aircraft, MSN 38749, is powered by CFM56-7B26E engines and has been assigned to Lion Group’s affiliate carrier in Thailand, Thai Lion Air. CIT Aerospace expects to deliver a second aircraft to Lion Group in this year’s fourth quarter.

“The 737-900ER is growing in popularity among lessors, because an increasing number of airlines around the world are adding the aircraft to their fleet,” says Lion Group CEO, Rusdi Kirana. “The advantage of the 737-900ER is it is a high capacity narrowbody that can carry more passengers, while maintaining a low trip cost.” 

About Lion Group 
Lion Group is Indonesia's largest privately owned airline group. It includes Lion Air, Indonesia's largest commercial airline, as well as Indonesian feeder airline Wings Air and full-service carrier Batik Air. Lion Group also has overseas affiliate carriers, namely Thai Lion Air in Thailand and Malindo Air in Malaysia. 

CIT Aerospace
CIT Aerospace provides customized leasing and secured financing to operators of commercial and business aircraft.  Our financing services include operating leases, single investor leases, leveraged financing, sale and leaseback arrangements, as well as loans secured by equipment. cit.com/aerospace 

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’s U.S. bank subsidiary CIT Bank (Member FDIC), BankOnCIT.com, offers a variety of savings options designed to help customers achieve their financial goals. cit.com

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CIT MEDIA RELATIONS:
C. Curtis Ritter
Senior Vice President of Corporate Communications
(973) 740-5390
Curt.Ritter@cit.com

Matt Klein
Vice President, Media Relations
(973) 597-2020
Matt.Klein@cit.com