CIT Aerospace Signs 154 Agreements Related To The Lease Of Commercial Aircraft And Delivers 71 Aircraft In 2015

NEW YORK – February 10, 2016 – CIT Group Inc. (NYSE: CIT) cit.com, today announced that CIT Aerospace, a global leader in aircraft finance, signed a total of 154 agreements in 2015 for the current and future leases of commercial aircraft. CIT Aerospace delivered 71 aircraft, including new and used aircraft and lease extensions of the existing fleet, to its airline customers around the world and added 14 new customers to its client base.

“This was another great year for the CIT Aerospace team, as we worked closely with new and existing clients to help meet their financial needs,” said Tony Diaz, President of CIT Aerospace. “We effectively used our industry knowledge and financial expertise to provide innovative financing solutions for commercial aircraft to our global customer base of over 100 airlines.”

CIT Aerospace owns, finances and manages a fleet of more than 350 commercial aircraft serving approximately 100 customers in 50 countries.