CIT Group

March 25, 2008 - 11:22am

How will business aviation weather the looming (or already present) recession brought on by the housing crisis and credit crunch? Thirty-year aviation finance veteran David Davis, senior v-p of CIT Aerospace-Business Aircraft, gives his take on the situation to AIN editor-in-chief Randy Padfield and offers advice to new users of private jet travel interested in buying their first aircraft.

April 18, 2007 - 7:23am

CIT Group has sold most of its corporate aircraft financial business to GE Commercial Finance. The transaction includes approximately $700 million in loans and $200 million in leases on 380 business jets, turbo props and helicopters.

October 4, 2006 - 5:29am

CIT Group has sold most of its corporate aircraft financial business to GE Commercial Finance. The transaction includes approximately $700 million in loans and $200 million in leases on 380 business jets, turboprops and helicopters. CIT said it will continue to finance fractional aircraft shares and “select corporate aircraft.”

 
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