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Financial pressures weigh heavily on aircraft lessors

Difficulties in the financial markets are forcing mid-sized operating lessors to readdress their business plans, reports Flight’s specialist aircraft finance publication Commercial Aviation Online.

Financial troubles at CIT Group have prompted whispers about the future of CIT Aerospace of the USA.

But while parent CIT Group says it is considering various options for its entire portfolio, it denies having to conduct “quick” sales on new aircraft to shore up liquidity.

“Over the next few weeks, we will be looking at various options to refine the mix of assets and businesses in our portfolio, which will enable us to focus on our go-forward core commercial finance franchises,” CIT tells CAO.

At a recent investor conference, CIT Group CEO Jeffery Peek did not deny that a sale was part of possible options to help restore the company.

The company however denies market

This entry was posted on Monday, March 31st, 2008 at 3:45 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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