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Did you know that the aviation industry is projected to grow to a staggering $7.6 trillion by 2036? As a key player in this dynamic market, CIT Group Inc. has been at the forefront of financing solutions for over a century! Founded in 1908 and headquartered in New York City, CIT Group specializes in commercial aviation financing and private aircraft financing. With a strong focus on operational efficiency and strategic growth, the company caters to diverse sectors while actively supporting the evolving landscape of aerospace financing. Dive in to discover how CIT is shaping the future of aviation!
About CIT Group
CIT Group Inc. is a leading financial services company specializing in aviation financing solutions for businesses and individuals. With a rich history dating back to 1908, CIT has established itself as a trusted partner in the realm of commercial and private aviation. For more information about our comprehensive services, please visit our website!
A Short History
CIT Group was founded in 1908 by J. Pierre Brunet, originally focusing on commercial credit to support businesses in need. The company has endured numerous transitions, from navigating bankruptcy protections in 2009 to re-emerging with a concentrated focus on niche markets, including private aircraft financing and commercial aviation.
Main Products or Services
CIT Group’s core offerings encompass a range of financial solutions strategically designed for various industries:
- Equipment Financing: Our solutions help businesses acquire essential machinery and technology.
- Commercial Aviation Financing: CIT provides tailored financing options for aircraft purchase, leasing, and operational needs.
- Private Aircraft Financing: Specialized financing solutions are available for individuals and corporations seeking to buy private jets, including loans and leasing arrangements!
Other Services or Products
In addition to our aviation-focused services, CIT Group offers a variety of banking products that cater to consumers and small businesses, such as:
- Banking Services: Through CIT Bank, we offer online banking options, including savings accounts, certificates of deposit, and mortgage loans.
Our commitment to innovation in service delivery, alongside our dedication to responsible lending practices, positions CIT Group as a leader in the financial landscape!
Aerospace and Aviation Activities
CIT Group’s distinct presence in aerospace financing not only facilitates aircraft transactions but also supports the growth of the aviation industry. By partnering with airlines, lessors, and manufacturers, we leverage our expertise in complex financing structures to meet the unique demands of air travel.
Conclusion
With over a century of experience, CIT Group continues to evolve and remain at the forefront of the financial services industry. Under the capable leadership of Tiffany B. M. R. Wallace, the company is dedicated to providing innovative solutions tailored to the dynamic needs of the aviation sector, ensuring sustainable growth and a commitment to responsible business practices!
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