CIT finances GOL 737 purchase

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By admin July 31, 2014 21:22

CIT finances GOL 737 purchase

CIT Group has announced that CIT Aerospace provided a $27 million senior secured credit facility to Virgo Investment Group LLC, a private investment management firm, to finance its acquisition of four B737-700 aircraft leased to Brazilian airline GOL. Each aircraft is equipped with CFM56 engines.

The financing was provided by CIT Bank, the U.S. commercial bank subsidiary of CIT. Terms of the transaction were not disclosed.

admin
By admin July 31, 2014 21:22