CIT Aerospace is providing financing for the acquisition of a 2003-build Boeing Business Jet in Macau. The announcement was made at the EBACE 2014 show in Geneva.
Mike Kahmann, managing director and group head of CIT Business Aircraft Finance, said: “This transaction is representative of our ability to complete cross-border transactions that meet the needs of our Asian business aircraft clients.”
Jolie Chung Howard, vice president of sales, added: “This deal is another example of our efforts to assist entrepreneurs, engaged in a wide variety of industries throughout Asia, in financing their business aircraft acquisitions. We remain committed to supporting business jet owners and operators throughout the region as they seek financing for super midsize to super long-range large cabin size aircraft.”
CIT Business Aircraft Finance has served the corporate aircraft sector for over 25 years and offers secured financing to business aircraft operators. Its financing products include term loans, leases, pre-delivery financing, fractional share financing and vendor/manufacturer financing.