We’re incredibly proud of our ability to use our Holding Company, CIT Bank, and TC-CIT Aviation U.S. to provide a large-scale leasing solution to Delta Airlines
CIT Group Inc. (NYSE: CIT) cit.com, today announced that CIT Aerospace, a global leader in aircraft finance, has delivered its 29th and 30th aircraft as part of a key relationship with Delta Air Lines. These aircraft represent the first sale and leaseback for Delta through CIT Bank, N.A., the principal bank subsidiary of CIT.
The aircraft, MSN 31957 and MSN 31958, are new Boeing 737-900ERs powered by CFM56-7B26 engines. To date, 16 737-900ERs and 14 CRJ900s have delivered to Delta. CIT has scheduled an additional three aircraft for sale and leaseback to Delta in 2015, taking the total aircraft delivered to 33.
“We’re incredibly proud of our ability to use our Holding Company, CIT Bank, and TC-CIT Aviation U.S. to provide a large-scale leasing solution to Delta Airlines,” said John Morabito, Managing Director and Head of the Financial Institutions Group, CIT Aerospace & CIT Maritime Finance. “We look forward to our continued relationship with Delta, one of the leading domestic and international airlines.”
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. cit.com/aerospace
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. cit.com
CIT MEDIA RELATIONS:
C. Curtis Ritter
Senior Vice President of Corporate Communications
Vice President, Media Relations