CIT Issues Financing for Lease Corp. to Buy Three AgustaWestland 139 Helicotpers

CIT Group Inc. 

, a global leader in transportation finance, today announced that CIT Transportation Lending provided financing to Dublin-based Lease Corporation International (LCI) to acquire three AgustaWestland 139 helicopters. The aircraft are in offshore oil and gas configuration and are on lease to UK-based Bond Helicopters and Malaysia-based Weststar Aviation. CIT Transportation Lending structured and facilitated the transaction, while financing was provided by CIT Bank, the U.S. commercial bank subsidiary of CIT. Terms of the transaction were not disclosed.