CIT receives $150 million Ex-Im facility in 2Q

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CIT Aerospace received export credit support during the second quarter to support the financing of Boeing aircraft deliveries.

According to a second quarter earnings call today, CIT "received $150 million of secured aircraft funding through a newly established facility guaranteed by the US Export-Import Bank".

The agreement follows an order from CIT during the first quarter which includes 15 extended-range 737-900 and 23 737-800 aircraft.

The lessor ended the second quarter with a total orderbook of 148 aircraft, or $8 billion worth of orders during the next seven years.

During the quarter, CIT Bank originated $250 million in loans in the aerospace and military sectors.