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CIT Aerospace Signs 147 Agreements Related to the Lease of Commercial Aircraft and Delivers 104 Aircraft in 2014
Thursday, February 12, 2015 08:30 AM
CIT experienced another strong year thanks in large part to our outstanding team

NEW YORK – CIT Group Inc. (NYSE: CIT) cit.com, today announced that CIT Aerospace, a global leader in aircraft finance, signed a total of 147 agreements in 2014 for the current and future leases of commercial aircraft, including the sale lease-back of 34 aircraft. CIT Aerospace delivered 104 aircraft, including new and used aircraft and lease extensions of the existing fleet, to its airline customers around the world and added two new customers to its client base. 

“CIT experienced another strong year thanks in large part to our outstanding team,” said Tony Diaz, President of CIT Aerospace. “Although our transactions and deliveries increased, our priorities remain the same – providing deep industry expertise and financial solutions to our clients for both brand new, and mid-life commercial aircraft.”

CIT Aerospace owns and finances a fleet of more than 350 commercial aircraft leased and financed to more than 110 customers in 50 countries.

About CIT Aerospace
As one of the world's leading aircraft leasing organizations, CIT Aerospace provides leasing and financing packages, including operating leases and structuring and advisory services, for commercial airlines worldwide. CIT Aerospace owns and finances a fleet of more than 350 commercial aircraft leased and financed to more than 110 customers in 50 countries. cit.com/aerospace

About CIT Bank
Founded in 2000, CIT Bank (Member FDIC, Equal Housing Lender) is the U.S. commercial bank subsidiary of CIT Group Inc. (NYSE: CIT). It provides lending and leasing to the small business, middle market and transportation sectors. CIT Bank (BankOnCIT.com) offers a variety of savings options designed to help customers achieve their financial goals. As of December 31, 2014, it had approximately $16 billion of deposits and more than $21 billion of assets. cit.com/CITBank

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, 973-740-5390
Senior Vice President of Corporate Communications
Curt.Ritter@cit.com

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