Press Release

Issued by .

May 20, 2014

CIT Aerospace, a global leader in aircraft finance, today announced from the 14th Annual European Business Aviation Conference and Exhibition (EBACE) that it provided financing to a Kazakhstan-based energy resource management company to acquire a 2013 Embraer Lineage 1000.

“We are pleased to complete this transaction, which represents our first ultra large cabin business aircraft financing in Kazakhstan,” said Mike Kahmann, managing director and group head, CIT Business Aircraft Finance.

Robert Schaeberle, vice president of sales, added, “Our client was very pleased that we did not require any kind of private wealth management or other banking relationship to conclude the transaction.”

CIT Business Aircraft Finance has served the corporate aircraft sector for more than 25 years and is considered among the world's premier financial services organizations with extensive international aircraft financing expertise.

CIT is pleased to welcome visitors at its booth #6143 during the Exhibition.