CIT PROVIDES FINANCING TO GLOBAL KNAFAIM LEASING

NEW YORK – November 12, 2013 – CIT Group Inc. (NYSE: CIT), a global leader in aircraft finance, today announced that CIT Aerospace provided a $36 million senior secured facility to Global Knafaim Leasing to finance its acquisition of two aircraft – one Airbus A321 leased to British Airways and one Boeing 737-800 leased to Comair.

Financing was provided by CIT Bank, the U.S commercial bank subsidiary of CIT. Terms of the transaction were not disclosed.

“We are pleased to establish this new relationship with Global Knafaim Leasing,” said John Morabito, Senior Vice President, Financial Institutions Group, CIT Aerospace. “This transaction highlights our ability to meet the financing needs of our clients as they seek to grow their aircraft portfolios. We look forward to building our relationship with Global Knafaim Leasing.”