17-Nov-2011 10:31 AM

CIT Group: Soverign debt crisis has not significantly affected European traffic

CIT Group president of transportation finance, C Jeffrey Knittel, said (16-Nov-2011) the European sovereign debt crisis does not appear to be significantly affecting overall passenger traffic in Europe so far, although some weakness in internal traffic of the most affected countries has been reported. Mr Knittle said CIT expects this situation to remain in 2012. Emerging markets continue to provide opportunity for growth in the commercial aviation industry, with CIT reporting impressive growth in Latin America in particular. [more - original PR]