"We are pleased to announce these promotions, which reflect the hard work and accomplishments of our team. I congratulate Neil, John and Adam on their success as we focus on meeting the financing needs of our aerospace customers."

NEW YORK - CIT Commercial Air, a segment of CIT Aerospace, a global leader in aircraft finance, today announced several key promotions within its Financial Institutions Group.

John Morabito, Managing Director and Head of the Financial Institutions Group, said, "We are pleased to announce these promotions, which reflect the hard work and accomplishments of our team. I congratulate Neil, John and Adam on their success as we focus on meeting the financing needs of our aerospace customers."

Among those promoted were: 

  • Neil Burgess was promoted to Managing Director where he will be responsible for evaluating lending and leasing business activities. He will also work with cross-functional teams in the evaluation of new business opportunities and will continue to be active in asset sales and strategic opportunities.
  • Adam Cooperstock was promoted to Director where he will be responsible for leading Asset Sales and Portfolio Management and collaborating with cross-functional teams across the Company.    
  • John Leenane was promoted to Regional Director of Europe & Asia where he will be responsible for lending and leasing activities in the region. He will work with cross-functional teams within CIT when evaluating new business opportunities and will also serve as a Director of TC-CIT Aviation Ireland, a joint venture between CIT Aerospace and Century Tokyo Leasing Corporation, a comprehensive financial services company in Japan with a global presence.

About CIT Aerospace
As one of the world's leading aircraft leasing organizations, CIT Aerospace provides leasing and financing packages, including operating leases and structuring and advisory services, for commercial airlines worldwide. CIT Aerospace owns and finances a fleet of more than 350 commercial aircraft leased and financed to more than 110 customers in 50 countries. cit.com/aerospace. 

About CIT
Founded in 1908, CIT (NYSE: CIT) is a financial holding company with more than $35billion in financing and leasing assets. It provides financing, leasing and advisory services to its clients and their customers across more than 30 industries. CIT maintains leadership positions in middle market lending, factoring, retail and equipment finance, as well as aerospace, equipment and rail leasing. CIT's U.S. bank subsidiary CIT Bank (Member FDIC), BankOnCIT.com, offers a variety of savings options designed to help customers achieve their financial goals. cit.com

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