CIT Announces Order for 10 Airbus A350 XWB Aircraft

  CIT Announces Order for 10 Airbus A350 XWB Aircraft

Business Wire

NEW YORK -- January 3, 2013

CIT Group Inc.(NYSE: CIT) cit.com, a globalleader in transportation finance,
today 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. Jeffrey Knittel, President of CIT
Transportation Finance. “As one of the leading lessors in the world with more
than 110 twin aisle aircraft currently in our portfolio and on order, CIT
Aerospace maintains one of the youngest, most fuel efficient fleets in the
industry. This new order underscores our commitment to delivering highly
efficient aircraft to our global customer base.”

John Leahy, Airbus Chief Operating Officer, Customers, said, “We are very
confident that our A350 XWB Family will perfectly meet long haul operators’
needs by offering them the highest levels of comfort and efficiency. This
repeat order for the A350 XWB from CIT clearly demonstrates this to be the
case.”

This order adds to CIT’s total order book as of September 30, 2012 of 157
aircraft of which 88 were Airbus aircraft. Including this latest announcement,
CIT has ordered a total of 253 Airbus aircraft comprising 187 A320 Family, 51
A330 Family and 15 A350 XWB Family.

Editor’s Note:

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About CIT Aerospace

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.

About CIT

Founded in 1908, CIT (NYSE: CIT) is a bank holding company with more than $33 
billion in financing and leasing assets. A member of the Fortune 500, 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 global 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

Contact:

CIT MEDIA RELATIONS:
C. Curtis Ritter, 973-740-5390
Director of Corporate Communications
Curt.Ritter@cit.com
or
Matt Klein, 973-597-2020
Vice President, Media Relations
Matt.Klein@cit.com
or
CIT INVESTOR RELATIONS:
Ken Brause, 212-771-9650
Executive Vice President
Ken.Brause@cit.com
 
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