CIT Closes Leasing Sale To Avolon, Exits Market

CIT Group marked the end of an era April 4, as the financial holding company exited the aircraft-leasing market and closed the sale of its commercial aircraft leasing business to Avolon Holdings, for a final purchase price of $10.4 billion. Avolon is an international aircraft leasing company and...
Michael Bruno

Based in Washington, Michael Bruno is Aviation Week Network’s Executive Editor for Business. He oversees coverage of aviation, aerospace and defense businesses, supply chains and related issues.

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