Our client was very pleased that we did not require any kind of private wealth management or other banking relationship to conclude the transaction.
NEW YORK and GENEVA – CIT Aerospace, a global leader in aircraft finance, today announced from the 14th Annual European Business Aviation Conference and Exhibition (EBACE) that it provided financing to a Kazakhstan-based energy resource management company to acquire a 2013 Embraer Lineage 1000.
“We are pleased to complete this transaction, which represents our first ultra large cabin business aircraft financing in Kazakhstan,” said Mike Kahmann, Managing Director and Group Head, CIT Business Aircraft Finance.
Robert Schaeberle, Vice President of Sales, added, “Our client was very pleased that we did not require any kind of private wealth management or other banking relationship to conclude the transaction.”
CIT Business Aircraft Finance has served the corporate aircraft sector for more than 25 years and is considered among the world’s premier financial services organizations with extensive international aircraft financing expertise.
CIT is pleased to welcome visitors at its booth #6143 during the Exhibition.
About CIT Aerospace
CIT Aerospace provides customized leasing and secured financing to operators of commercial and business aircraft. Its 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 Business Aircraft Finance
CIT Business Aircraft Finance provides financing solutions to business jet operators and owners. Serving clients around the globe, it provides financing that is tailored to its clients’ unique business requirements. Products include term loans, leases, pre-delivery financing, fractional share financing and vendor/manufacturer financing. cit.com/businessaircraft
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