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CIT Aerospace Signs 116 Commercial Aircraft Lease Agreements in 2012

February 12, 2013, 07:21 AM
Filed Under: Aircraft

CIT Group Inc. announced that in 2012, CIT Aerospace, a global leader in transportation finance, delivered 56 aircraft to its airline customers around the world. These deliveries include new and used aircraft and lease extensions of the existing fleet. The Company signed a total of 116 agreements for the current and future leases of commercial aircraft, including the sale lease-back of six aircraft, and added 13 new customers to its client base.

In addition, CIT placed orders for 15 new aircraft including ten Airbus A350s and five A330s.  CIT also continued to grow its aviation lending business through financing investors and airlines directly on both brand new, and mid-life commercial aircraft.  This included the acquisition of a $200 million aircraft loan portfolio from a European bank.

CIT Aerospace serves more than 100 customers in approximately 50 countries. CIT owns or finances a fleet of more than 350 commercial aircraft.


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