strategy US lessor and financing firm CIT Group has launched a division to focus on providing integrated financial solutions to the global aerospace and defence industries. The aerospace and defence finance group’s offerings will include traditional balance sheet recapitalisations, leasing and project financings, as well as growth capital and acquisition financing, says CIT. Located at CIT’s new headquarters in New York, the group is led by managing director and general manager Patrick Henry Dowling.

Source: Flight International