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CIT exits aircraft leasing joint ventures


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CIT exits aircraft leasing joint ventures

CIT Group Inc. completed the sale of its 30% ownership stake in the commercial aircraft leasing joint ventures TC-CIT Aviation Ireland and TC-CIT Aviation U.S. Inc. to its joint venture partner Tokyo Century Corp.

Additionally, the company aims to complete the sale of its commercial air leasing business to Avolon Holdings Ltd. in the near term.