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Thu, Mar 27, 2008

CIT Signs Lease Agreement With Tiger Airways Australia

Deal For Two New Airbus A319-100s

Global commercial finance company CIT Group Inc. announced Wednesday that CIT Aerospace, a unit of CIT, recently signed leases for two new Airbus A319-100s with Tiger Airways Australia. The aircraft will be powered by IAE V2524-A5 engines.

CIT owns or finances a fleet of more than 300 commercial aircraft.

CIT Aerospace provides financing solutions to a broad spectrum of the global aerospace value chain ranging from operators of commercial and business aircraft to manufacturers and suppliers in the aerospace and defense industries as well as financial institutions. 

FMI: www.cit.com

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