CIT AEROSPACE SIGNS 172 AGREEMENTS RELATED TO THE LEASE OF COMMERCIAL AIRCRAFT AND DELIVERS 63 AIRCRAFT IN 2013

NEW YORK – February 5, 2014 – CIT Group Inc. (NYSE: CIT) cit.com, today announced that CIT Aerospace, a global leader in aircraft finance, signed a total of 172 agreements in 2013 for the current and future leases of commercial aircraft, including the sale lease-back of 17 aircraft. CIT Aerospace delivered 63 aircraft, including new and used aircraft and lease extensions of the existing fleet, to its airline customers around the world and added 14 new customers to its client base.

“CIT Aerospace’s success in 2013 was based on more transactions and deliveries, a higher volume of sale-leasebacks and increasing demand,” said Tony Diaz, President of CIT Aerospace. “We will look to continue to grow our aviation lending business by financing airlines and investors and airlines directly on both brand new, and mid-life commercial aircraft.”

CIT Aerospace owns and finances a fleet of more than 350 commercial aircraft leased and financed to more than 110 customers in 50 countries.