Latest CIT Group Inc. Stories

2014-01-22 12:23:50

LONDON, Jan. 22, 2014 /PRNewswire/ -- Reportbuyer.com just published a new market research report:Equipment Finance Market in US 2012-2016TechNavio's analysts forecast the Equipment Finance market in the US to grow at a CAGR of 5.62 percent over the period 2012-2016. One of the key factors contributing to this market growth is the improvement in credit market conditions. The Equipment Finance market in the US has also been witnessing the increase in capital expenditures by investment...

2011-06-21 08:04:00

PARIS, June 21, 2011 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT), a global leader in transportation finance, today announced from the 49th International Paris Air Show that CIT Aerospace has selected Pratt & Whitney PurePower PW1100G engines for its order of the Airbus A320neo family aircraft. The deal includes 60 PW1100G engines and options for up to 40 additional engines installed on aircraft. Deliveries are scheduled to start in 2016. Pratt & Whitney is a division of United...

2011-01-04 07:34:00

NEW YORK and SEATTLE, Jan. 4, 2011 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT), and Boeing (NYSE: BA) today announced that CIT Aerospace placed an order for 38 Next-Generation 737 airplanes and purchase rights for seven additional 737s. The order, with deliveries into 2017, includes 15 737-900ER (extended range) and 23 737-800 airplanes. It is the largest order placed by a leasing company for the 737-900ER, the largest and newest member of the Boeing Next-Generation 737 family. This is...

Word of the Day
  • The unit of magnetic flux density in the International System of Units, equal to the magnitude of the magnetic field vector necessary to produce a force of one newton on a charge of one coulomb moving perpendicular to the direction of the magnetic field vector with a velocity of one meter per second. It is equivalent to one weber per square meter.
This word is named for Nikola Tesla, the inventor, engineer, and futurist.