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August 31, 2015 5:19 PM ET

Aerospace and Defense

Company Overview of CIT Aerospace, Inc.

Company Overview

CIT Aerospace, Inc. provides leasing and financing solutions for aircraft fleets. It offers a fleet of commercial and business aircraft for lease to airlines in the United States and internationally. The company also provides various financing solutions, including senior loans, mezzanine financing, and lease financing to commercial and business aircraft operators, manufacturers, and suppliers in the aerospace and defense industry, as well as to financial institutions. In addition, it offers advisory services in the areas of structured financing and asset management services. The company was incorporated in 1989 and is based in New York, New York with additional locations in Ft. Lauderdale, F...

11 West 42 Street

New York, NY 10036

United States

Founded in 1989

Key Executives for CIT Aerospace, Inc.

President
Managing Director of Healthcare
President of CIT Transportation Finance
Age: 56
Chief Sales Officer of CIT Aerospace International and Senior Vice President of CIT Aerospace International
Managing Director
Compensation as of Fiscal Year 2015.

CIT Aerospace, Inc. Key Developments

CIT Aerospace, Inc. Announces Executive Promotions

CIT Group Inc. announced on June 2, 2015 that CIT Aerospace promoted Robert Lamoureux, Robert Meade, Martyn Lewis and Mark Ebanks. Lamoureux was named senior vice president and head of marketing for Asia Pacific. He will provide senior representation in the company's Singapore office and be responsible for oversight of the marketing activities within Asia, the Pacific and the Indian subcontinent. He joined CIT Group in 2009. Meade was appointed director of marketing strategy and asset sales, a newly created role. He will focus on arketing strategy, portfolio management and oversight of CIT Group's off-lease asset sales. He joined CIT Group in 2005 and was most recently responsible for customer relationships and leases to airlines in eastern Europe and the U.S., as well as asset sales. Lewis was named director for marketing in Europe, the Middle East and Africa. He will continue to oversee customer activities within the region and will develop new business and aircraft financing activities and remarket aircraft to airlines within Europe. He joined CIT Group in 2001. Ebanks was named director of marketing for the Americas. He will continue to oversee customer activities within the Americas and the Caribbean and will develop new business and aircraft financing activities and remarket aircraft in the U.S., Brazil and the Caribbean. He joined CIT Group in 1998 as assistant vice president of marketing.

CIT Aerospace and Century Tokyo Leasing Corporation to Establish Joint Ventures Designed to Capitalize on Growing Global Aerospace Leasing Market

CIT Group Inc. 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, and Century Tokyo Leasing Corporation (CTL). Under the terms of the agreements, TC-CIT Aviation will acquire commercial aircraft that will be leased to airlines around the globe. Initially, CIT Aerospace expects to sell 14 commercial aircraft to TC-CIT Aviation in transactions with an aggregate value of approximately $0.5 billion and will be responsible for arranging future aircraft acquisitions, negotiating leases, servicing the aircraft and administering the entities. CIT will also make and maintain a minority equity investment in TC-CIT Aviation. CTL will make and maintain a majority equity interest in the joint venture and will be a lender to the newly-established companies. TC-CIT Aviation will be co-managed by CIT Aerospace and CTL. John Morabito, Head of Financial Institutions of CIT Aerospace, and Mahoko Hara, Executive Officer and General Manager, Financing Strategy and Solutions, from CTL will be key representatives from each institution managing the activity of the joint venture.

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