CIT Aerospace was a commercial aircraft leasing firm owned by CIT Group Inc. CIT Aerospace was based in Dublin, Ireland with offices around the world, managing an USD8 billion portfolio of more than 300 modern commercial aircraft. In Oct-2016, CIT Group entered a definitive agreement to sell CIT Commercial Air, its commercial aircraft leasing business, to Avolon Holdings Limited. Avolon closed the transaction on 04-Apr-2017, and became the world's third largest aircraft leasing company with a combined fleet of 868 aircraft valued at over USD43 billion, as of 31-Dec-2016.
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