CIT AEROSPACE SIGNED 157 AGREEMENTS TO PLACE AIRCRAFT AND ADDED 13 NEW CUSTOMERS IN 2010

NEW YORK–January 26, 2011 – CIT Group Inc. (NYSE: CIT), today announced that in 2010, CIT Aerospace, Commercial Airlines, a unit of CIT, signed 157 agreements for the current and future lease of commercial aircraft to its expanding client base. In 2010, the Company delivered 75 new and used aircraft to its airline customers around the world and completed the year with all aircraft subject to lease commitments. CIT Aerospace, Commercial Airlines also added 13 new leasing customers in 2010 and now serves more than 120 customers in 55 countries.

“CIT Aerospace had another excellent year, continuing to grow our customer base,” said Tony Diaz, Executive Vice President of CIT Aerospace, Commercial Airlines. “As a leading aircraft lessor, we continue to expand our portfolio with new aircraft orders and we look forward to serving our customers in the year ahead.”

About CIT Aerospace

CIT Aerospace provides financing solutions to a broad spectrum of the global aerospace value chain ranging from operators of commercial and business aircraft to manufacturers and suppliers in the aerospace and defense industries as well as financial institutions. CIT owns or finances a fleet of more than 300 commercial aircraft.

About CIT

Founded in 1908, CIT (NYSE: CIT) is a bank holding company with more than $35 billion in finance and leasing assets. It provides financing and leasing capital to its more than one million small business and middle market clients and their customers across more than 30 industries. CIT maintains leadership positions in small business and middle market lending, factoring, retail finance, aerospace, equipment and rail leasing, and global vendor finance. www.cit.com

CIT MEDIA CONTACTS:

Abby Cohn

Manager, Brand Marketing & Communications

212-461-5713

abby.cohn@cit.com