CIT Commercial Air, a segment of CIT Aerospace, a global leader in aircraft finance, announced several key promotions within its Financial Institutions Group.

John Morabito, Managing Director and Head of the Financial Institutions Group, said, "We are pleased to announce these promotions, which reflect the hard work and accomplishments of our team. I congratulate Neil, John and Adam on their success as we focus on meeting the financing needs of our aerospace customers."

Among those promoted were: 

• Neil Burgess was promoted to Managing Director where he will be responsible for evaluating lending and leasing business activities. He will also work with cross-functional teams in the evaluation of new business opportunities and will continue to be active in asset sales and strategic opportunities.

• Adam Cooperstock was promoted to Director where he will be responsible for leading Asset Sales and Portfolio Management and collaborating with cross-functional teams across the Company.    

• John Leenane was promoted to Regional Director of Europe & Asia where he will be responsible for lending and leasing activities in the region. He will work with cross-functional teams within CIT when evaluating new business opportunities and will also serve as a Director of TC-CIT Aviation Ireland, a joint venture between CIT Aerospace and Century Tokyo Leasing Corporation, a comprehensive financial services company in Japan with a global presence.