GE Buys CIT’s Aircraft Portfolio

Aviation International News » August 2005
October 4, 2006, 5:29 AM

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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