CIT Group announced that CIT Aerospace 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.