CIT AEROSPACE TO LEASE 24 NEW AIRCRAFT

NEW YORK – May 13, 2014 – CIT Group Inc. (NYSE: CIT) cit.com, today announced that CIT Aerospace, a global leader in aircraft finance, has entered into an agreement with Delta Air Lines for the purchase and leaseback of 24 new aircraft – 10 Boeing 737-900ERs and 14 Bombardier CRJ900s. The 737-900ERs will be operated by Delta and the CRJ900s will be operated by Delta Connection carrier Endeavor Air.

To date, six 737-900ERs and six CRJ900s have delivered. The remaining aircraft are expected to deliver throughout 2014. Skyworks Capital acted as advisor to Delta on this transaction.

“We are excited to expand our relationship with Delta Air Lines through the delivery of these 24 new aircraft this year,” said John Morabito, Senior Vice President, Financial Institutions Group, CIT Aerospace. “As one of the premier airlines in the world, Delta understands the demands of the traveling public who appreciate state-of-the-art aircraft when traveling for business or leisure.”