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CIT Aerospace Accepts and Delivers First New Airbus A350XWB
- MSN 15 is the First of 14 A350XWB Aircraft on Order for CIT
- Vietnam Airlines Only Second Airline to Take Delivery of New Airbus and Represents New Customer Relationship
- Aircraft Powered by Rolls Royce Trent XWB Engines
Monday, September 21, 2015 08:30 AM

CIT Group Inc. (NYSE: CIT), today announced that CIT Aerospace, a global leader in aircraft finance, has delivered a new Airbus A350XWB to Vietnam Airlines. The aircraft, MSN 15, is powered by Rolls Royce Trent XWB engines and is the first of two aircraft CIT will deliver to the airline.

“Today marks a historic day for CIT Aerospace. Not only are we pleased to welcome Vietnam Airlines on board as a new customer, but we’re excited to receive the first of our A350XWB aircraft we ordered in 2007 as a launch customer for Airbus, as well as a second order that was placed in 2012,” said Damon D’Agostino, Chief Commercial Officer of CIT Commercial Air. “Vietnam Airlines is only the second airline to take delivery of the A350XWB, one of the most comfortable, technologically advanced and fuel-efficient aircraft in the market today. It’s an all-composite aircraft that’s lighter and more efficient than many aircraft. Coupled with its Rolls Royce engines, it offers lower fuel burn and further ensures lower operating costs for operators. CIT continues to maintain one of the youngest, most fuel-efficient aircraft portfolios in the industry and with an additional 13 A350XWB on order, we remain well prepared to accommodate the growing demand for this aircraft.”

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, finances and manages a fleet of more than 350 commercial aircraft serving approximately 100 customers in 50 countries.

About CIT
Founded in 1908, CIT (NYSE: CIT) is a financial holding company with more than $65 billion in assets. Its principal bank subsidiary, CIT Bank, N.A., (Member FDIC, Equal Housing Lender) has more than $30 billion of deposits and more than $40 billion of assets. It provides financing, leasing and advisory services principally to middle market companies across more than 30 industries primarily in North America, and equipment financing and leasing solutions to the transportation sector. It also offers products and services to consumers through its Internet bank franchise and a network of retail branches in Southern California, operating as OneWest Bank, a division of CIT Bank, N.A.

C. Curtis Ritter
Senior Vice President of Corporate Communications
(973) 740-5390

Matt Klein
Vice President, Media Relations
(973) 597-2020