Through our Holding Company, CIT Bank, and TC-CIT Aviation U.S., we were able to provide a comprehensive leasing solution to Delta Air Lines, creating a landmark agreement for both CIT and Delta
NEW YORK – CIT Group Inc. (NYSE: CIT) cit.com, today announced that CIT Aerospace, a global leader in aircraft finance, has financed its 33rd aircraft as part of a key relationship with Delta Air Lines.
The aircraft, MSN 31961, is a new Boeing 737-900ER powered by CFM56-7B26E engines. In total, 19 737-900ERs and 14 CRJ900s have been financed by CIT Aerospace, CIT Bank and TC-CIT Aviation U.S. as part of this agreement with Delta.
“Through our Holding Company, CIT Bank, and TC-CIT Aviation U.S., we were able to provide a comprehensive leasing solution to Delta Air Lines, creating a landmark agreement for both CIT and Delta,” said John Morabito, Managing Director and Head of the Financial Institutions Group, CIT Aerospace & CIT Maritime Finance. “Delta has long been an important CIT customer, and this delivery is the latest milestone in what is sure to continue to be a productive relationship.”
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 a wide variety of 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
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