You are using an outdated browser. Please upgrade your browser to use this site.

CIT Aerospace Signs 154 Agreements Related to the Lease of Commercial Aircraft and Delivers 71 Aircraft in 2015
Tuesday, February 9, 2016 08:30 AM
This was another great year for the CIT Aerospace team, as we worked closely with new and existing clients to help meet their financial needs

NEW YORK – CIT Group Inc. (NYSE: CIT) cit.com, today announced that CIT Aerospace, a global leader in aircraft finance, signed a total of 154 agreements in 2015 for the current and future leases of commercial aircraft. CIT Aerospace delivered 71 aircraft, including new and used aircraft and lease extensions of the existing fleet, to its airline customers around the world and added 14 new customers to its client base.

“This was another great year for the CIT Aerospace team, as we worked closely with new and existing clients to help meet their financial needs,” said Tony Diaz, President of CIT Aerospace. “We effectively used our industry knowledge and financial expertise to provide innovative financing solutions for commercial aircraft to our global customer base of over 100 airlines.”

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

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

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. cit.com

CIT MEDIA RELATIONS:
Matt Klein
Vice President, Media Relations
(973) 597-2020
Matt.Klein@cit.com