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CIT Aerospace Delivers Two Airbus A319-100 Aircraft to PrivatAir
Monday, January 11, 2016 08:30 AM

NEW YORK  – CIT Group Inc. (NYSE: CIT), today announced that CIT Aerospace, a global leader in aircraft finance, has delivered two Airbus A319-100 aircraft to PrivatAir, a leading international business aviation group with headquarters in Geneva, Switzerland.

The aircraft, MSN 1598 and 1625, are powered by CFM56-5B6/P engines. These aircraft continue to build CIT’s 12-year relationship with PrivatAir, which has encompassed a number of different aircraft used in a variety of operations.

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 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.

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