CIT Aerospace Signs 39 Agreements Related to the Lease of Commercial Aircraft and Delivers 26 Aircraft in Q2 2016

NEW YORK--(BUSINESS WIRE)-- CIT Group Inc. (NYSE: CIT) cit.com, today announced that CIT Aerospace, a global leader in aircraft finance, signed a total of 39 agreements in the second quarter of 2016 for the current and future leases of commercial aircraft. CIT Aerospace also delivered 26 aircraft, including new and used aircraft and lease extensions of existing fleet, to its airline customers around the world.

“The continued success of CIT Aerospace in 2016 is based on our industry expertise and our ability to maintain one of the youngest and most technologically advanced fleets in the industry,” said Tony Diaz, President of CIT Aerospace. “Our ability to provide customized financial solutions to our airline customers has allowed us to maintain our position as one of the largest lessors in the aerospace sector.”

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

View source version on businesswire.com: http://www.businesswire.com/news/home/20160822005508/en/

CIT MEDIA RELATIONS:
Matt Klein
Director, Media Relations
(973) 597-2020
[email protected]

Source: CIT Group Inc.

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