As one of the largest lessors in the aerospace sector, our success in this quarter and beyond is based on our deep industry expertise and experience in offering a variety of products, whether it’s an operating lease for a new aircraft, bank debt or a sale-leaseback to our customers
NEW YORK – CIT Group Inc. (NYSE: CIT) cit.com, today announced that CIT Aerospace, a global leader in aircraft finance, signed a total of 55 agreements in the first quarter of 2014 for the current and future leases of commercial aircraft. CIT Aerospace delivered 28 aircraft, including new and used aircraft and lease extensions of the existing fleet, to its airline customers around the world.
“As one of the largest lessors in the aerospace sector, our success in this quarter and beyond is based on our deep industry expertise and experience in offering a variety of products, whether it’s an operating lease for a new aircraft, bank debt or a sale-leaseback to our customers,” said Tony Diaz, President of CIT Commercial Air.
CIT Aerospace owns and finances a fleet of more than 300 commercial aircraft leased and financed to more than 100 customers in 50 countries.
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
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’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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