CIT, a division of First Citizens Bank, announced its Aerospace, Defense and Government business provided financing for seven leased helicopters managed by Thora Capital.The helicopters, used for emergency medical transport services, are on long-term...
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January 13, 2022, 07:19 AM
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CIT Group Inc. announced Eduard Vernède has joined the company as Managing Director in CIT's Aerospace, Defense & Government Services business.In his new role, Vernède largely will be focused on CIT's lending activity to serve the multibillion-dollar...
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September 09, 2021, 07:22 AM
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CIT Group's Healthcare Finance business served as sole lead arranger on a $33.2 million loan to finance the acquisition of a medical office building in Brooklyn, New York. The class A medical office building is located at 902 Quentin Road, Brooklyn....
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June 16, 2021, 06:09 AM
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CIT Group Inc. announced its Aerospace, Defense and Government Services business served as administrative agent, security agent and lead lender on an $80 million senior secured revolving credit facility for AerFin Holdings.Founded in 2010, AerFin is...
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November 06, 2019, 07:10 AM
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Lease Corporation International (LCI), a helicopter lessor and the aviation division of the Libra Group, has successfully closed a new asset-backed helicopter facility in excess of $135 million with a syndicate of five banks led by CIT Group Inc. as...
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July 18, 2019, 07:19 AM
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CIT Group Inc. announced Leslie Grizzard has joined the company as Managing Director in the company's Aerospace, Defense & Government Services business.Grizzard will have responsibility for leading CIT's lending activity to serve the...
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June 11, 2019, 07:20 AM
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Seabury Capital Group LLC announced its role as sole investment banking advisor on the successful acquisition of a leased portfolio of 21 aircraft by Zephyrus Aviation Capital.Zephyrus is a fleet management solutions provider to lessors and...
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October 22, 2018, 07:10 AM
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CIT Group Inc. announced its Capital Equipment Finance unit, part of CIT's Business Capital division, has added two new business leaders to enhance its direct origination capabilities and support business growth."With these appointments, we continue...
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May 02, 2018, 07:20 AM
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Lease Corporation International (LCI), the leading helicopter lessor and aviation division of the Libra Group, has closed its inaugural capital markets term loan financing, with a value in excess of US$55 million. The private, senior secured tranches...
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February 13, 2018, 07:00 AM
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CIT Group announced the expansion of its commercial aircraft lending business. The new Aviation Lending team will be led by Jennifer Villa Tennity who rejoins CIT as president of the business, providing aircraft-backed loans to the commercial...
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October 04, 2017, 07:23 AM
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CIT Group announced that CIT Aerospace finished 2016 on a strong operating note. During the fourth quarter of 2016, CIT Aerospace signed 26 lease agreements for current and future leases of commercial aircraft and delivered 17 aircraft, including new...
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February 28, 2017, 07:03 AM
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CIT Group announced that CIT Aerospace, Defense & Government Finance served as sole lead arranger in a $52 million senior secured credit facility to North American Rescue, LLC (NAR), the premier provider of survivability and casualty care medical...
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November 11, 2016, 07:00 AM
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Given the recent decline in oil prices, the value of new-technology aircraft has been questioned, but this is not warranted. New-technology aircraft create revenue opportunities and reduce operating costs, enabling airlines to build competitive moats...
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September 26, 2016, 07:10 AM
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CIT Group announced that CIT Aerospace, Defense & Government Finance provided a $35 million senior secured credit facility to Mesa Airlines, a provider of regional air service for American Airlines and United Airlines. Mesa Airlines is the...
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September 23, 2016, 07:10 AM
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CIT Group announced that CIT Aerospace signed a total of 39 agreements in the second quarter of 2016 for the current and future leases of commercial aircraft. CIT Aerospace also delivered 26 aircraft, including new and used aircraft and lease...
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August 23, 2016, 07:11 AM
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CIT Group announced that CIT Aerospace has delivered two Boeing 737-800 aircraft to Air Transat, a Canadian airline based in Montreal.The aircraft, MSN 29933 and MSN 29934, are powered by CFM56-7B26 engines. This aircraft delivery expands on a more...
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August 22, 2016, 07:00 AM
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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...
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May 23, 2016, 07:10 AM
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While the global airline industry is in the midst of a relative boon, industry insiders see headwinds ahead posed by a convergence of rising rates and oil prices, and changes to the competitive landscape, according to Steve Mason, Vice President of...
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October 05, 2015, 06:58 AM
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The global airline industry currently has access to an abundance of fragmented capital, but there may not be an equal abundance of market awareness to adapt to potential changes in market conditions. This fragmentation has served the industry well...
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September 29, 2015, 07:05 AM
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Aerospace executives are optimistic about the short-term prospects of their industry, but looming interest rate hikes and fuel price volatility are compelling them to act, according to an exclusive online study released by CIT Aerospace, a global...
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September 03, 2015, 07:08 AM
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CIT Group announced that CIT Aerospace has ordered five additional A321ceo (current engine option) aircraft. This order is in addition to its previous order for five A321-200ceo aircraft signed at the 2014 Farnborough International Airshow and firmed...
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April 03, 2015, 06:51 AM
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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...
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March 04, 2015, 07:00 AM
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CIT Group Inc. announced that CIT Aerospace has signed purchase agreements with Airbus for 15 A330-900neo (new engine option) aircraft and five A321-200ceo (current engine option) aircraft. Deliveries of the A330-900neo are scheduled to begin in 2018...
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December 04, 2014, 06:15 AM
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CIT Group today announced that it has agreed to form TC-CIT Aviation Ireland and TC-CIT Aviation U.S. (together TC-CIT Aviation), joint ventures between CIT Aerospace, a global leader in aircraft finance, and Century Tokyo Leasing Corporation (“CTL”)...
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October 10, 2014, 07:04 AM
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CIT Group announced that it served as Joint Lead Arranger and Administrative Agent in a $325 million senior secured credit facility to LCI Helicopters (LCIH), the helicopter leasing subsidiary of Lease Corporation International. The facility will be...
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October 02, 2014, 05:00 AM
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CIT Group announced that CIT Aerospace provided a $27 million senior secured credit facility to Virgo Investment Group LLC, a private investment management firm, to finance its acquisition of four Boeing 737-700 aircraft leased to GOL, an airline...
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July 31, 2014, 06:00 AM
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CIT Group announced that CIT Aerospace signed a total of 35 agreements in the second quarter of 2014 for the current and future leases of commercial aircraft. CIT Aerospace delivered 37 aircraft, including new and used aircraft and lease extensions...
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July 30, 2014, 06:17 AM
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CIT Group announced from the Farnborough International Air Show that CIT Aerospace has placed an order with Boeing for 10 787-9 Dreamliner aircraft. “CIT is one of the leading companies in global transportation finance and clearly recognizes the...
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July 16, 2014, 06:00 AM
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A maturing small twin-aisle aircraft market presents challenges and opportunities for Airbus as it considers the future of its A330 aircraft, according to Steve Mason, Vice President of Aircraft Analysis, CIT Aerospace at CIT Group. These views and...
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March 18, 2014, 06:04 AM
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The airline industry, and with it, air traffic, is expected to increase in 2014, with Asia and Latin America representing the fastest growing markets, according to Tony Diaz, President of CIT Aerospace at CIT Group. These views and others are...
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March 13, 2014, 06:42 AM
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CIT Aerospace announced that it delivered nine aircraft and signed 28 lease agreements in the first quarter of 2013. The deliveries include new and used aircraft, as well as lease extensions of its existing fleet, while the lease agreements include...
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April 30, 2013, 06:54 AM
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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...
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February 12, 2013, 07:21 AM
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CIT Group announced that CIT Aerospace has placed an order with Airbus for 10 A350 XWB aircraft. Deliveries are scheduled to begin in 2019. “This order for Airbus A350 XWBs will further expand our portfolio of medium-to-long haul aircraft,” said C....
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January 04, 2013, 07:25 AM
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CIT Group Inc., announced from the Farnborough International Air Show (Air Show) that CIT Aerospace has placed orders with Airbus for 10 A330 aircraft in 2012. Five A330 aircraft were ordered earlier this year in conjunction with the cancellation of...
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July 11, 2012, 06:30 AM
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