CIT Aerospace Signs Leases With Aerolineas Argentinas For Four 737-800s

Thursday, May 16, 2013 8:30 am EDT

Dateline:

New York
"We are pleased to partner with Aerolineas Argentinas on this transaction expanding their fleet of 737-800s"

NEW YORK – CIT Group Inc. (NYSE: CIT) cit.com, today announced that CIT Aerospace, a global leader in aircraft finance has signed leases with Aerolineas Argentinas for four new Boeing 737-800s. The aircraft will be powered by CFM56-7B26 engines and are scheduled to begin delivery in January 2014.

“We are pleased to partner with Aerolineas Argentinas on this transaction expanding their fleet of 737-800s,” said Tony Diaz, President of CIT Aerospace. “With these aircraft, CIT Aerospace is broadening our global presence into Argentina and providing the airline with some of the most modern aircraft available.”

Sergio Garcia Gomez, Vice President of Fleet Planning for Aerolineas Argentinas said, “For the last four years and under the Argentine state managed turnaround, Aerolineas Argentinas has been committed to a solid business plan with its core in domestic and regional connectivity. As the total fleet evolves renewed, the B737 NG has been introduced with excellent results. Aerolineas Argentinas is proud to welcome four factory new B737-800 NGs and with it re-launch a long standing partnership with prestigious lessor, CIT. We look forward to a very successful operation and celebrate our companies' productive business relationship now and in the years to come.”

About CIT Aerospace
As one of the world's leading aircraft leasing organizations, CIT Aerospace provides leasing and financing packages – including operating leases and structuring and advisory services – for commercial airlines worldwide. CIT Aerospace owns and finances a fleet of approximately 350 commercial aircraft leased and financed to approximately 100 customers in 50 countries. cit.com/aerospace

About CIT
Founded in 1908, CIT (NYSE: CIT) is a bank holding company with more than $35 billion in financing and leasing assets. It provides financing and leasing capital and advisory services to its clients and their customers across more than 30 industries. CIT maintains leadership positions in small business and middle market lending, factoring, retail finance, aerospace, equipment and rail leasing, and vendor finance. CIT also operates CIT Bank (Member FDIC), its primary bank subsidiary, which, through its online bank BankOnCIT.com, offers a suite of savings options designed to help customers achieve a range of financial goals. cit.com

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