CIT in latest Delta Air Lines leasing deal

CIT Aerospace, part of CIT Group and a global leader in aircraft finance, has delivered its 29th and 30th aircraft as part of a key relationship with Delta Air Lines.

These aircraft represent the first sale and leaseback for Delta through CIT Bank, the principal bank subsidiary of CIT.

The aircraft are new Boeing 737-900ERs. To date, 16 of this category of aircraft along with 14 CRJ900s have been delivered to Delta. CIT has scheduled an additional three aircraft for sale and leaseback to Delta in 2015, taking the total aircraft delivered to 33.

“We’re incredibly proud of our ability to use our holding company, CIT Bank, and TC-CIT Aviation US to provide a large-scale leasing solution to Delta Airlines,” said John Morabito, managing director and head of the financial institutions group, CIT Aerospace & CIT Maritime Finance. “We look forward to our continued relationship with Delta, one of the leading domestic and international airlines.”