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Share Name | Share Symbol | Market | Type |
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CIT Group Inc | NYSE:CIT | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 53.50 | 0 | 01:00:00 |
The global airline industry currently has access to an abundance of fragmented capital, but there may not be an equal abundance of market awareness to adapt to potential changes in market conditions. This fragmentation has served the industry well during a period of significant growth and profits; however, due to the cyclical nature of the global airline sector, this lack of market awareness is leaving companies vulnerable to the next potential downturn. These are some of the observations presented by John Morabito, Group Head, Financial Institutions Group, CIT Commercial Air & CIT Maritime Finance, divisions of CIT Group Inc. (NYSE:CIT), a global leader in transportation finance, in “Global Commercial Aerospace: Financing Trends” (www.cit.com/morabito), the latest piece of market intelligence in the CIT Executive Insights video series.
This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20150928005416/en/
John Morabito, Group Head, Financial Institutions Group, CIT Commercial Air & CIT Maritime Finance (Photo: Business Wire)
“As the industry reaches a peak, it’s crucial that global airlines and financial institutions strategically and methodically plan their growth and access to capital in order to protect their economics before the sector enters a slowdown,” said Morabito. “In order to better serve our clients in the face of this prospect, CIT established a joint venture with Century Tokyo Leasing (CTL) that combines CIT’s platform and asset management experience with CTL’s unique capital backing and deep regional knowledge.”
Some of the other global aviation trends Morabito expands upon include:
EDITOR’S NOTE:
CIT thought leadership content can be found at View from the Middle™ (cit.com/viewfromthemiddle) and our CIT Point of View blog (cit.com/pov). View our corporate video (cit.com/corporatevideo) and follow us on Twitter, LinkedIn, YouTube and Facebook. Register to receive press releases at cit.com/newsalerts.
About CIT Aerospace
As one of the world’s leading aircraft leasing organizations, CIT Aerospace provides leasing and financing packages, including operating leases and structuring and advisory services, for commercial airlines worldwide. CIT Aerospace owns, finances and manages a fleet of more than 350 commercial aircraft serving approximately 100 customers in 50 countries. cit.com/aerospace
About CIT
Founded in 1908, CIT (NYSE:CIT) is a financial holding company with more than $65 billion in assets. Its principal bank subsidiary, CIT Bank, N.A. (Member FDIC, Equal Housing Lender), has more than $30 billion of deposits and more than $40 billion of assets. It provides financing, leasing and advisory services principally to middle market companies across more than 30 industries primarily in North America, and equipment financing and leasing solutions to the transportation sector. It also offers products and services to consumers through its Internet bank franchise and a network of retail branches in Southern California, operating as OneWest Bank, a division of CIT Bank, N.A. cit.com
View source version on businesswire.com: http://www.businesswire.com/news/home/20150928005416/en/
CIT MEDIA RELATIONS:C. Curtis Ritter, 973-740-5390Senior Vice President of Corporate CommunicationsCurt.Ritter@cit.comorMatt Klein, 973-597-2020Vice President, Media RelationsMatt.Klein@cit.comorCIT INVESTOR RELATIONS:Barbara Callahan, 973-740-5058Senior Vice PresidentBarbara.Callahan@cit.com
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