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CIT Aerospace Signs 22 Agreements Related to the Lease of Commercial Aircraft and Delivers 16 Aircraft in Q1 2016
Friday, May 20, 2016 08:30 AM
CIT Aerospace is off to a strong start thanks to the dedication and industry expertise of our team

NEW YORK – CIT Group Inc. (NYSE: CIT), today announced that CIT Aerospace, a global leader in aircraft finance, signed a total of 22 agreements in the first quarter of 2016 for the current and future leases of commercial aircraft. CIT Aerospace delivered 16 aircraft, including new and used aircraft and lease extensions of the existing fleet, to its airline customers around the world.

“CIT Aerospace is off to a strong start thanks to the dedication and industry expertise of our team,” said Tony Diaz, President of CIT Aerospace. “We’ve maintained our position as a leading lessor in the aerospace sector by delivering flexible financial solutions to our customers and keeping our fleet up to date with young, fuel-efficient aircraft.”

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.

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
Director, Head of Communications
(973) 597-2020