NEW YORK – CIT Group Inc. (NYSE: CIT) cit.com, today announced that CIT Aerospace, a global leader in aircraft finance, has delivered an Airbus A320-200 to Frontier Airlines.
The aircraft, MSN 5526, is powered by CFM56-5B4 engines and is the first of two aircraft CIT is scheduled to deliver to Frontier Airlines in 2015.
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
Matt Klein, 973-597-2020
Vice President, Media Relations