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CIT Aerospace to Lease 24 New Aircraft
Tuesday, May 13, 2014 08:30 AM
We are excited to expand our relationship with Delta Air Lines through the delivery of these 24 new aircraft this year

NEW YORK  – CIT Group Inc. (NYSE: CIT) cit.com, today announced that CIT Aerospace, a global leader in aircraft finance, has entered into an agreement with Delta Air Lines for the purchase and leaseback of 24 new aircraft – 10 Boeing 737-900ERs and 14 Bombardier CRJ900s. The 737-900ERs will be operated by Delta and the CRJ900s will be operated by Delta Connection carrier Endeavor Air.

To date, six 737-900ERs and  six CRJ900s have delivered. The remaining aircraft are expected to deliver throughout 2014.  Skyworks Capital acted as advisor to Delta on this transaction.

“We are excited to expand our relationship with Delta Air Lines through the delivery of these 24 new aircraft this year,” said John Morabito, Senior Vice President, Financial Institutions Group, CIT Aerospace. “As one of the premier airlines in the world, Delta understands the demands of the traveling public who appreciate state-of-the-art aircraft when traveling for business or leisure.” 

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

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

CIT INVESTOR RELATIONS:
Barbara Callahan
Senior Vice President
(973) 740 -5058
Barbara.Callahan@cit.com