CIT reports 100th aircraft financing milestone with NetJets

CIT Aerospace, a unit of CIT, has reached a milestone of financing 100 total aircraft, mostly in increments of 1/16th and 1/8th shares, through its fractional lease and finance program with long-time commercial partner NetJets. NetJets is the pioneer and worldwide leader in fractional aircraft ownership. With this milestone, CIT is approaching $1.5 billion in total lease and loan originations for NetJets clients.