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Avolon issues two jumbo bonds to part finance CIT acquisition

Avolon issues two jumbo bonds to part finance CIT acquisition

Avolon has issued two large bond offerings to partially finance its acquisition of CIT via its wholly owned subsidiary company, Park Aerospace Holdings. The $1.75bn five year senior notes priced at 5.25% on Friday, with the $1.25bn seven year notes

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Avolon confirms CIT acquisition; today’s leasing market favours the bold

Avolon confirms CIT acquisition; today’s leasing market favours the bold

As reported here and everywhere else over the past 12 months, Avolon has confirmed its purchase of CIT Group. Along the way a spanner was thrown into the works for Avolon when a Japanese lessor expressed interest in part of

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CIT Provides $35 Million Financing for Mesa Airlines

CIT Provides $35 Million Financing for Mesa Airlines

CIT Aerospace has provided a $35 million senior secured credit facility to Mesa Airlines, a provider of regional air service for American Airlines and United Airlines. The financing supports the refinancing of existing debt as well as provides working capital.

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CIT Group reports QI results

CIT Group reports QI results

CIT Group reported a 12% fall in net income to $104 million for the first quarter of 2015. CIT said first quarter results were impacted by a higher tax provision resulting from the recognition of federal income tax expense due

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CIT orders five additional A321ceo aircraft

CIT orders five additional A321ceo aircraft

CIT Group has placed a firm order for five more A321ceo aircraft, in effect doubling its most recent commitment for five A321ceo’s signed at the 2014 Farnborough International Airshow and firmed up in November 2014. This latest agreement brings CIT’s

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