CIT AEROSPACE NAMES NEIL BURGESS DIRECTOR

NEW YORK – September 14, 2011 – CIT Group Inc. (NYSE: CIT), a global leader in transportation finance, today announced that CIT Aerospace named Neil Burgess Director, Financial Institutions Group where he will be responsible for developing new business strategies with a focus on loan originations, lease acquisitions, and other strategic initiatives. In addition, Adam Cooperstock was named Assistant Vice President, Financial Institutions Group with responsibilities for transaction analysis, new business, asset sales, and financing alternatives.

Burgess rejoins CIT Aerospace from Amentum Capital where he was responsible for aircraft leasing, new deal origination, and asset sales. Prior to joining Amentum, Burgess spent six years at CIT Aerospace where he held various positions with responsibilities including aircraft trading, developing third party financing structures, and airline marketing to the European and Middle Eastern markets. He also held positions at Abbey National and Airbus. Burgess earned a post graduate diploma, with distinction, from Bristol Business School in the U.K., and trained in mechanical and production engineering with the Dowty Group.

Cooperstock rejoined CIT Aerospace from the Seabury Group where he was responsible for operating lease and loan financings. His prior experience includes two years at CIT Aerospace where he was responsible for evaluating purchasing and financing transactions, and debt securities. He holds a B.A. in economics from Tufts University.

Burgess and Cooperstock will be based in New York City and report to John Morabito, Senior Vice President, Financial Institutions Group.