April 23, 2014 4:44 AM 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.

Managing Director of CIT Leveraged Finance
Managing Director of Healthcare
President of CIT Transportation Finance
Age: 54
Chief Sales Officer of CIT Aerospace International and Senior Vice President of CIT Aerospace International
Senior Vice President of Financial Institutions Marketing
Compensation as of Fiscal Year 2013.

CIT Aerospace, Inc. Key Developments

CIT Aerospace Orders 30 Boeing Planes in $3 Billion Deal

Boeing announced that CIT Aerospace had ordered 30 of its new, medium-haul 737 MAX aircraft in a deal worth $3 billion (€2.2 billion) at catalogue prices. The US plane manufacturer has already announced billions of dollars in deals as well as the launch of a long version of its next-generation Dreamliner 787, but it is still trailing behind Airbus in new plane orders.CIT owns or finances a fleet of around 350 commercial aircraft, and has operating lease and financing agreements in place for 128 Boeing planes. The group also ordered Airbus's next-generation A350 earlier this year.

CIT Aerospace, Inc. Presents at SpeedNews 27th Annual Commercial Aviation Industry Suppliers Conference, Mar-06-2013 11:00 AM

CIT Aerospace, Inc. Presents at SpeedNews 27th Annual Commercial Aviation Industry Suppliers Conference, Mar-06-2013 11:00 AM. Venue: Beverly Wilshire, Beverly Hills, California, United States. Speakers: Nic Pastushan, Chief Investment Officer.

CIT Aerospace, Inc. to Acquire 10 More Airbus A330s

CIT Aerospace, Inc. has placed orders for 10 Airbus A330 aircraft, including the four ordered at the Farnborough International Air Show. Five A330 aircraft were ordered earlier the year 2012 in conjunction with the cancellation of orders for four A320 family aircraft and the exercise of an aircraft purchase option. An agreement to acquire the additional five aircraft was entered into at the Air Show this morning. Deliveries are scheduled to begin in 2014.

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